Jun 14, 2009 0
economics prediction SNMPTN 2009 (soal + pembahasan)
for IPS (social groups) test is about marginal propensity to consume, MPC is an empirical metric that quantifies induced consumption, Mathematically, the marginal propensity to consume (MPC) function is expressed as the derivative of the consumption (C) function with respect to disposable income (Y).

OR
, where a is the change in consumption, and b is the change in disposable income that produced the consumption. (wikipedia)
other problem is about derived demand, where demand for one good or service occurs as a result of demand for another.
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