Re: Estimating the surplus\Doug's question

[Mike Ballard <swillsqueal@xxxxxxxxxxxx>]

Thank-you Michael!

Mike B)
--- MICHAEL YATES <mikedjyates@xxxxxxx> wrote:
> MPC is marginal propensity to consume.  It is equal
> to the change in consumption divided by the change
> in income.  An MPC of .99 would tell us that as
> consumer income rises by a dollar, consumption rises
> by 99 cents.  One of 1.04 means that an increase in
> income of a dollar was associated with a rise in
> consumption of $1.04.


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Where parents do too much for their children,
the children will not do much for themselves.

ELBERT HUBBARD (1856-1915)
The Note Book of Elbert Hubbard
ed., Elbert Hubbard II
p. 193

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