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