ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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100%

Given the scatter diagram in Figure 8-1, what is the MPC (your best estimate)?

  a. 

1

 
  b. 

2/3

 
  c. 

1/2

 
  d. 

1/3

 
I know the answer  of this question 
answer is 2/3 but can you please give the explanation how 2/3 is the answer of the problem 
600+
500-
400-
300.
300
400
500
600
700
800
Real disposable income (billions)
Consumer spending
(billions)
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Transcribed Image Text:600+ 500- 400- 300. 300 400 500 600 700 800 Real disposable income (billions) Consumer spending (billions)
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