Refer to the given table. The marginal propensity to consume is:





A.  .5.

B.  .75.

C.  .8.

D.  .9.

C.  .8.

Economics

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Using the data in the table above, with y measured on the vertical axis, the slope of the line relating y to x is

A) 1/3. B) 1. C) 3. D) 6.

Economics

An indifference curve shows

A) the relationship between prices and a household's budget. B) all possible prices and preferences for a good. C) combinations of goods among which a household is indifferent. D) budget lines among which a consumer is indifferent.

Economics