The graph represents consumption (C) as a function of isposable income (DI). Assume the consumption function is near. What is the value of the marginal propensity to onsume (MPC)? Cound the value of the MPC to two decimal places. MPC = Consumption $1050 900 750 600 450 300 150 C = DI C

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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The graph represents consumption (C) as a function of
disposable income (DI). Assume the consumption function is
linear. What is the value of the marginal propensity to
consume (MPC)?
Round the value of the MPC to two decimal places.
MPC =
Consumption
$1050
900
750
600
450
300
150
0
$150 300
450
600
C = DI
C
750 900 1050
Disposable income
Transcribed Image Text:The graph represents consumption (C) as a function of disposable income (DI). Assume the consumption function is linear. What is the value of the marginal propensity to consume (MPC)? Round the value of the MPC to two decimal places. MPC = Consumption $1050 900 750 600 450 300 150 0 $150 300 450 600 C = DI C 750 900 1050 Disposable income
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