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(Table) the Following Table Shows Data on Consumption at Various

Question 176

Multiple Choice

(Table) The following table shows data on consumption at various levels of income.  Income  Consumption $0$250$500$700$1,000$1,150$1,500$1,600$2,000$2,050$2,500$2,500\begin{array} { r c } \text { Income } & \text { Consumption } \\\$ 0 & \$ 250 \\\$ 500 & \$ 700 \\\$ 1,000 & \$ 1,150 \\\$ 1,500 & \$ 1,600 \\\$ 2,000 & \$ 2,050 \\\$ 2,500 & \$ 2,500\end{array} The value of the MPC is:


A) 0.25.
B) 0.75.
C) 0.80.
D) 0.90.

Correct Answer:

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