Different statistical measures and economic indicators are derived from the number for disposable income. It is the starting point for calculating measurements such asdiscretionary income, personal savings rates,marginal propensity to consume (MPC), andmarginal propensity to save (MPS). Special Considerati...
Answer to: Why is the Marginal Rate of Substitution(MRS) equal to the Marginal Rate of Transformation(MRT) at the optimal consumption bundle? By...