Refer to the information provided in Table 36.2 below to answer the question(s) that follow.
Table 36.2
The data in the table was used to estimate the following consumption function: C = 12 + 0.4Y
-Refer to Table 36.2. Which of the following points is (are) the best fit for the given consumption function?
A) A and D
B) B and F
C) C
D) E

Question

Refer to the information provided in Table 36.2 below to answer the question(s) that follow.
Table 36.2
  The data in the table was used to estimate the following consumption function: C = 12 + 0.4Y
-Refer to Table 36.2. Which of the following points is (are) the best fit for the given consumption function?
A) A and D 
B) B and F 
C) C 
D) E

Quizplus · Accepted Answer

Point C is the best fit for the given consumption function as it likely lies on the line representing the relationship between income and consumption, indicating it follows the expected pattern or trend.

Refer to the Information Provided in Table 36