The slope of the consumption schedule between two points on the schedule is

A. the ratio of the change in consumption to the change in disposable income between those two points.
B. equivalent to the average propensity to consume.
C. equivalent to one plus the marginal propensity to save.
D. the ratio of the change in disposable income over the change in consumption between those two points.

Answer: A

Economics

You might also like to view...

Allegiant Air holds a natural monopoly on most of the routes it serves in the United States. Allegiant Air's marginal revenue will ________ when its total revenue ________

A) equal $0; is maximized B) be negative; is maximized C) be positive; is maximized D) inelastic; is increasing E) elastic; is increasing

Economics

A firm will only earn normal profit in the long run

a. if firms can freely enter or leave the market b. if firms do not try to maximize profit c. only if the industry is perfectly competitive d. whenever products are not differentiated e. if barriers to entry exist

Economics