The graph represents consumption (C) as a function of disposable income (DI). Assume the consumption function is linear. What is the value of the marginal propensity to Consumption $1050 consume (MPC)? C = DI 900 Round the value of the MPC to two decimal places. C 750 600 MPC = 450 300 150 $150 300 450 600 750 900 1050 Disposable income
The graph represents consumption (C) as a function of disposable income (DI). Assume the consumption function is linear. What is the value of the marginal propensity to Consumption $1050 consume (MPC)? C = DI 900 Round the value of the MPC to two decimal places. C 750 600 MPC = 450 300 150 $150 300 450 600 750 900 1050 Disposable income
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F33bcd1b7-ee2b-4107-9f9a-d994952f55f5%2F44b91c26-af65-4225-af65-54189da97296%2Fmhgmof_processed.jpeg&w=3840&q=75)
Transcribed Image Text: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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