This question has three parts.
(a) Total consumption is $3,900 when income is $6,000, and then total consumption increases to $4,550 when income rises to $7,000. What is the marginal propensity to consume?
(b) Total consumption is $5,760 when income is $8,000, and then total consumption increases to $6,480 when income rises to $9,000. What is the marginal propensity to consume?
(c) Total consumption is $1,710 when income is $3,000, and then total consumption increases to $2,280 when income rises to $4,000. What is the marginal propensity to consume?

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The Answer of This question has three parts.
(a) Total consumption is $3,900 when income is $6,000, and then total consumption increases to $4,550 when income rises to $7,000. What is the marginal propensity to consume?
(b) Total consumption is $5,760 when income is $8,000, and then total consumption increases to $6,480 when income rises to $9,000. What is the marginal propensity to consume?
(c) Total consumption is $1,710 when income is $3,000, and then total consumption increases to $2,280 when income rises to $4,000. What is the marginal propensity to consume?

This Question Has Three Parts