#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 =

Economics For Today

10th Edition

ISBN:9781337613040

Author:Tucker

Publisher:Tucker

Chapter18: The Keynesian Model

Section: Chapter Questions

Problem 6SQ

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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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