(Table) The following table shows data on consumption at various levels of income. $$\begin{array} { r c }
\text { Income } & \text { Consumption } \
\$ 0 & \$ 250 \
\$ 500 & \$ 700 \
\$ 1,000 & \$ 1,150 \
\$ 1,500 & \$ 1,600 \
\$ 2,000 & \$ 2,050 \
\$ 2,500 & \$ 2,500
\end{array}$$ The value of the MPC is:
A) 0.25.
B) 0.75.
C) 0.80.
D) 0.90.

Question

(Table) The following table shows data on consumption at various levels of income. $$\begin{array} { r c } 
\text { Income } & \text { Consumption } \
\$ 0 & \$ 250 \
\$ 500 & \$ 700 \
\$ 1,000 & \$ 1,150 \
\$ 1,500 & \$ 1,600 \
\$ 2,000 & \$ 2,050 \
\$ 2,500 & \$ 2,500
\end{array}$$ The value of the MPC is:
A) 0.25.
B) 0.75.
C) 0.80.
D) 0.90.

Quizplus · Accepted Answer

The Answer of (Table) The following table shows data on consumption at various levels of income. $$\begin{array} { r c } 
\text { Income } & \text { Consumption } \
\$ 0 & \$ 250 \
\$ 500 & \$ 700 \
\$ 1,000 & \$ 1,150 \
\$ 1,500 & \$ 1,600 \
\$ 2,000 & \$ 2,050 \
\$ 2,500 & \$ 2,500
\end{array}$$ The value of the MPC is:
A) 0.25.
B) 0.75.
C) 0.80.
D) 0.90.

(Table) the Following Table Shows Data on Consumption at Various