Scenario 16-1. Take the following information as given for a small, imaginary economy:

-Refer to Scenario 16-1. The marginal propensity to consume for this economy is
A) 0.650.
B) 0.664.
C) 0.650 or 0.664, depending on whether income is $10,000 or $11,000.
D) 0.800.

Question

Scenario 16-1. Take the following information as given for a small, imaginary economy:
 
-Refer to Scenario 16-1. The marginal propensity to consume for this economy is
A) 0.650. 
B) 0.664. 
C) 0.650 or 0.664, depending on whether income is $10,000 or $11,000. 
D) 0.800.

Quizplus · Accepted Answer

The Answer of Scenario 16-1. Take the following information as given for a small, imaginary economy:
 
-Refer to Scenario 16-1. The marginal propensity to consume for this economy is
A) 0.650. 
B) 0.664. 
C) 0.650 or 0.664, depending on whether income is $10,000 or $11,000. 
D) 0.800.