If Logan received a $5000 bonus and his MPS is 0.10, his consumption rises by $________ and his...

Question

If Logan received a $5000 bonus and his MPS is 0.10, his consumption rises by $________ and his saving rises by $________.a) 5000:0b)4000;1000c)4500;500d) 3750; 1250

Robert · Accepted Answer

If Logan received a $5000 bonus and his MPS is 0.10, his consumption rises by $________ and his saving 
rises by $________. a) 5000:0 b)4000;1000 c)4500;500 d) 3750; 1250 
Solution: 
Logan saves 10 cents of each additional dollar he earns, and consumes the rest. So, he will consume 
$4,

If Logan received a $5000 bonus and his MPS is 0.10, his consumption rises by $ and his saving rises by $. a) 5000:0 b)4000;1000 c)4500;500 d) 3750; 1250

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If Logan received a $5000 bonus and his MPS is 0.10, his consumption rises by $________ and his saving rises by $________. a) 5000:0 b)4000;1000 c)4500;500 d) 3750; 1250

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Answer To This Question Is Available To Download

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Submit New Assignment

If Logan received a $5000 bonus and his MPS is 0.10, his consumption rises by $ and his saving rises by $. a) 5000:0 b)4000;1000 c)4500;500 d) 3750; 1250