5 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) refers to the ratio of change in consumption to the change in…

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ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

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Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

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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