#3# The graph represents consumption (C) as a function ofConsumptiondisposable income (DI). Assume the consumption function islinear. What is the value of the marginal propensity to$1050consume (MPC)?C = DI900Round the value of the MPC to two decimal places.750600MPC =450300150$1503004506007509001050Disposable income

MPC = Marginal Propensity to consume.

The graph represents consumption (C) as a function of disposable income (DI). Assume the consumption function is lincar. What is the value of the marginal propensity to consume (MPC)? Round the value of the MPC to two decimal places. MPC =

The graph represents consumption (C) as a function of disposable income (DI). Assume the consumption function is lincar. What is the value of the marginal propensity to consume (MPC)? Round the value of the MPC to two decimal places. MPC =

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

#3#

The graph represents consumption (C) as a function of
Consumption
disposable income (DI). Assume the consumption function is
linear. What is the value of the marginal propensity to
$1050
consume (MPC)?
C = DI
900
Round the value of the MPC to two decimal places.
750
600
MPC =
450
300
150
$150
300
450
600
750
900
1050
Disposable income

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