Consumption (dollars) $1,200 2,100 3,000 Disposable Income (dollars) $3,000 4,000 5,000 2) Refer to Table 12-3. Given the consumption schedule in the table above, the marginal propensity to consume is A) 0.1. B) 0.4. C) 0.9. D) 0.7.

Consumption (dollars) $1,200 2,100 3,000 Disposable Income (dollars) $3,000 4,000 5,000 2) Refer to Table 12-3. Given the consumption schedule in the table above, the marginal propensity to consume is A) 0.1. B) 0.4. C) 0.9. D) 0.7.

Microeconomic Theory

12th Edition

ISBN:9781337517942

Author:NICHOLSON

Publisher:NICHOLSON

Chapter2: Mathematics For Microeconomics

Section: Chapter Questions

Problem 2.4P

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Question

8:14 1
Table 12-3
Consumption
(dollars)
$1,200
2,100
3,000
Disposable Income
(dollars)
$3,000
4,000
5,000
2) Refer to Table 12-3. Given the consumption
schedule in the table above, the marginal propensity to
consume is
A) 0.1.
B) 0.4.
C) 0.9.
D) 0.7.

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