00:01
Hello students, we are given a question here.
00:02
If your disposable income increases from 10 ,000 to 15 ,000 and your consumption increases from 9 ,000 to 12 ,000, then your marginal propensity to consume is.
00:16
So we are supposed to know that here, the marginal propensity to consume, or also known as mpc, is nothing but equal to change in a consumption.
00:26
Okay, students, change in consumption and divided by change in a disposable income.
00:36
Change in the disposable income.
00:44
Okay, students.
00:46
So now we can put our values.
00:48
So here, mpc is equal to change in consumption are, what we are given, change in consumption, or consumption increases from 9 ,000 to 12 ,000...