Economy, asked by praneshcbse4555, 11 months ago

What is marginal propensity to consume? How is it related to marginal propensity to save?

Answers

Answered by PiyushSinghRajput1

3

Explanation:

The marginal propensity to save (MPS) is the fraction of an increase in income that is not spent on an increase in consumption. That is, the marginal propensity to save is the proportion of each additional dollar of household income that is used for saving.

Answered by brainlyhelper143

3

Explanation:

the SMC curve cut the AVC curve at the minimum point of the AVC curve

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