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Thank you. If your MPC is always 2/3, and your break-even point is $6000, then with $7200 of disposable income, calculate what your level of...
Need help with homework question. Thank you.If your MPC is always 2/3, and your break-even point is $6000, then with $7200 of disposable income, calculate what your level of consumption would be.
If your MPC is always 2/3, and your breakeven point is $6000, then with $7200 of disposable income, calculate what your level of consumption would be.Solution:MPS = 1 – MPC = 1 – 2/3 = 1/3...