Who Among the Following Is Likely to Have the Highest

Multiple Choice

Who among the following is likely to have the highest marginal propensity to consume out of current income?

A) a rational consumer who intends to behave strictly according to the permanent income hypothesis
B) a risk averse consumer facing a high degree of uncertainty
C) a low-income consumer facing borrowing constraints
D) a working age consumer looking forward to retirement
E) a wealthy parent who is currently accumulating funds to bequeath to his heirs