Business
Business, 25.04.2020 01:25, danbat3023

You have been trying to develop a linear equation that describes the local household consumption function as a function of disposable income. You have finished the project and the consumption function is: C = 100 + .75(YD). Your job is to explain this result to your supervisor. According to this consumption function, what is the marginal propensity to consume?

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