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Given a consumption function of C = $25 +0.75 YD, if disposable income is $1,000, then the average propensity to consume equals Multiple Choice O 1.0. 0.6. 1.6. 0.4.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Given a consumption function of C= $25 +0.75 YD, if disposable income is $1,000, then the average
propensity to consume equals
Multiple Choice
1.0.
0.6.
1.6.
0.4.

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