-The figure above illustrates an economyʹs consumption function. What is the marginal propensity to consume in this economy?

Name: -The figure above illustrates an economyʹs consumption function. What is the marginal propensity to consume in this economy?
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Question

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The marginal propensity to consume (MPC) is the change in consumption divided by the change in income. In this case, the MPC is 0.33, which means that for every $1 increase in income, consumption increases by $0.33.

-The Figure Above Illustrates an Economyʹs Consumption Function