Exhibit 8-7 Consumption function

In Exhibit 8-7, the value of the marginal propensity to consume is:
A) high for C' than for C.
B) lower for C" than for C.
C) lower for C" than for C'.
D) the same for C, C', and C".

Question

Exhibit 8-7 Consumption function
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In Exhibit 8-7, the value of the marginal propensity to consume is:
A) high for C' than for C. 
B) lower for C" than for C. 
C) lower for C" than for C'. 
D) the same for C, C', and C".

Quizplus · Accepted Answer

The Answer of Exhibit 8-7 Consumption function
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In Exhibit 8-7, the value of the marginal propensity to consume is:
A) high for C' than for C. 
B) lower for C" than for C. 
C) lower for C" than for C'. 
D) the same for C, C', and C".

Exhibit 8-7 Consumption Function