Economics · Economy

If the saving function is S = -30 + 0.3Y, what will be the value of MPC (marginal propensity to consume)?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

10
20.7✓
30.3
40.9

Correct answer

0.7

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If the saving function is S = -30 + 0.3Y, what will be the value of MPC (marginal propensity to consume)?

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If the saving function is S = -30 + 0.3Y, what will be the value of MPC (marginal propensity to consume)?

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