(Table) The table shows data on consumption at various levels of income. Assume there is no private investment. The value of the average propensity to consume at equilibrium is
A) 0.875.
B) 0.917.
C) 1.00.
D) 1.25.

Question

(Table) The table shows data on consumption at various levels of income. Assume there is no private investment. The value of the average propensity to consume at equilibrium is 
A) 0.875. 
B) 0.917. 
C) 1.00. 
D) 1.25.

Quizplus · Accepted Answer

The Answer of (Table) The table shows data on consumption at various levels of income. Assume there is no private investment. The value of the average propensity to consume at equilibrium is 
A) 0.875. 
B) 0.917. 
C) 1.00. 
D) 1.25.

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