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(I have too much time on my hands)
Use the consumption function. Take the derivitive of C with respect to I
{C'(I)}. This represents the rate of change in the individual's
spending as income increases. This is the marginal propensity to
consume. As a model, the rate can be represented by: 0<dC/dI<1.
Ok, I had my fun for the evening.
On Fri, 11 Feb 2005 03:33:44 -0000 "stratrhythm"
<> writes:
>
>
> Good article!
>
> But what is the "marginal propensity to consume" more surf CD's?
>
> Pretty damn high, if you got 700+!
>
> Dave
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