-Refer to Figure 11-2.Use the graph to determine the marginal propensity to consume.
A) 0.50
B) 0.60
C) 0.75
D) 0.80
E) 0.90

Name: -Refer to Figure 11-2.Use the graph to determine the marginal propensity to consume. A) 0.50 B) 0.60 C) 0.75 D) 0.80 E) 0.90
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Question

-Refer to Figure 11-2.Use the graph to determine the marginal propensity to consume.
A) 0.50 
B) 0.60 
C) 0.75 
D) 0.80 
E) 0.90

Quizplus · Accepted Answer

The marginal propensity to consume is the slope of the consumption function. The slope of the consumption function in Figure 11-2 is 0.50.