The graph shows the consumption function. Consumption expenditure (billions of 2012 dollars) 525- What is the marginal propensity to consume, and what is autonomous consumption? 450 CF The marginal propensity to consume is 375- >>> Answer to 2 decimal places. Autonomous consumption is $ billion. 300- 225 150- 75 200 300 400 100 Disposable income (bilions of 2012 dollars)

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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The graph shows the consumption function.
What is the marginal propensity to consume, and what is autonomous consumption?
Consumption expenditure (billions of 2012 dollars) O
5257
The marginal propensity to consume is.
450-
CF
>>> Answer to 2 decimal places.
375-
Autonomous consumption is $
billion.
300-
225-
150-
75-
100
Disposable income (billions of 2012 dollars)
0.
200
300
400
Enter your answer in each of the answer boxes.
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Transcribed Image Text:The graph shows the consumption function. What is the marginal propensity to consume, and what is autonomous consumption? Consumption expenditure (billions of 2012 dollars) O 5257 The marginal propensity to consume is. 450- CF >>> Answer to 2 decimal places. 375- Autonomous consumption is $ billion. 300- 225- 150- 75- 100 Disposable income (billions of 2012 dollars) 0. 200 300 400 Enter your answer in each of the answer boxes. MacBook Air DII 吕0 888 F10 F8 F9 F6 F7 F4 F5 esc F2 F3 F1 $ % & ! @ # 4 7 1 W E R Y Q tab G H. K A S D F caps lock C V B
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