ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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The graph represents consumption (C) as a function of
Consumption
disposable income (DI). Assume the consumption function is
linear. What is the value of the marginal propensity to
$1050
consume (MPC)?
C = DI
900
Round the value of the MPC to two decimal places.
750
600
MPC =
450
300
150
$150
300
450
600
750
900
1050
Disposable income
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Transcribed Image Text:The graph represents consumption (C) as a function of Consumption disposable income (DI). Assume the consumption function is linear. What is the value of the marginal propensity to $1050 consume (MPC)? C = DI 900 Round the value of the MPC to two decimal places. 750 600 MPC = 450 300 150 $150 300 450 600 750 900 1050 Disposable income
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