Refer to the Information Provided in Table 8

question 20

Multiple Choice

Refer to the information provided in Table 8.2 below to answer the questions that follow.
Table 8.2
-Refer to Table 8.2. Assuming society's MPC is constant, at an aggregate income level of $900, aggregate consumption would be

• A) $665.
• B) $910.
• C) $1,200.
• D) $1,750.

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Definitions:

Utility

A measure of satisfaction or pleasure that a person gains from consuming goods and services.

Marginal Utility

The additional satisfaction or benefit (utility) a consumer gains from consuming one more unit of a good or service.

Hot Dogs

A cooked sausage, traditionally grilled or steamed and served in a sliced bun as a sandwich.

French Fries

Strips of potatoes that are deep fried until crisp and are often served as a side dish or snack.