(Table) the Table Shows Data on Consumption at Various Levels

question 53

Multiple Choice

(Table) The table shows data on consumption at various levels of income. The value of the marginal propensity to consume is: $$\begin{array} { | c | c | } \hline \text { Income } & \text { Consumption } \\\hline \$ 0 & \$ 250 \\\hline \$ 500 & \$ 700 \\\hline \$ 1,000 & \$ 1,150 \\\hline \$ 1,500 & \$ 1,600 \\\hline \$ 2,000 & \$ 2,050 \\\hline \$ 2,500 & \$ 2,500 \\\hline\end{array}$$

• A) 0.25.
• B) 0.75.
• C) 0.8.
• D) 0.9.

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