Illustrate what is her mpc - marginal propensity to consume

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Reference no: EM1363964

Due to unusually good weather conditions, the farmer's agricultural production increases for two periods. After the second period, her production falls back to the initial level. How does this affect her consumption, saving and work effort decisions? Illustrate what is her MPC (Marginal Propensity to Consume) in this case?

Reference no: EM1363964

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