QUESTION 21 What is the marginal propensity to consume? O a. The ratio of the change in consumption to the change in national income O b. The proportion of national income that goes on consumption O c. The additional spending by a consumer when the price of a good falls Od. The additional revenue received by a firm when it attracts a new customer

QUESTION 21 What is the marginal propensity to consume? O a. The ratio of the change in consumption to the change in national income O b. The proportion of national income that goes on consumption O c. The additional spending by a consumer when the price of a good falls Od. The additional revenue received by a firm when it attracts a new customer

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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