Multiple Choice
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
The value of the MPC is:
A) 0.25.
B) 0.75.
C) 0.80.
D) 0.90.
Correct Answer:
Verified
Correct Answer:
Verified
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