Linda earned an income of $3,000 per month, which has now increased to $3,500 per month. She saves 10 percent and spends the remainder on food, lodging and other expenses. So far, she has managed to save $20,000. What is her marginal propensity to save (MPS)

the mps is 0.10

Explanation:

Given that

Income increased from $3,000 to $3,500 per month

ALso she saved 10% and spend the remaining on other expenses

So, she saved $20,000

Now the marginal propensity to consume is

As we know that

MPS = change in saving ÷ change in income

So put the values

After putting out the values, the mps is 0.10

the most important factor in the

work process or industry is to retain the interest of the employee. and to

retain them, their salary or profit must be adjusted to the best value. unless

the employee does not do his job properly, employees must receive bonuses or

benefits to ensure them to stay in the company. it will actually make them stay

longer, make them feel important and reduce costs for hiring new employees.

explanation:

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