Suppose Naomi gets a sales bonus at her place of work that gives her an extra $600 disposable income. She chooses to spend $360 and save the remaining $240. From this, you can tell that Winona's marginal propensity to save (MPS) is _____

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02-06-2018
Business

contestada

Suppose Naomi gets a sales bonus at her place of work that gives her an extra $600 disposable income. She chooses to spend $360 and save the remaining $240. From this, you can tell that Winona's marginal propensity to save (MPS) is _____

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kanest kanest · Answer 1 · 2018-06-02T15:08:04+02:00

kanest kanest

02-06-2018

Marginal propensity to save is calculated by dividing the amount you save by the total amount you received as a bonus.

Naomi saved $240 out of her extra $600. Divide 240 by 600:

[tex]240 \div 600 = 0.4[/tex]

Naomi's MPS is 0.4.

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