Multiple Choice
When Joe's disposable income is $50,000, his consumption expenditure is $45,000, and when his disposable income is $60,000, his consumption expenditure is $53,000.Joe's marginal propensity to consume is
A) 100.
B) 0.80.
C) 1.25
D) 80.
E) $8,000.
Correct Answer:
Verified
Correct Answer:
Verified
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