If average income goes from $30,000 to $33,000 and consumption increases from $29,000 to $31,000, the marginal propensity to consume is ______________.Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer.a.67b1.5c1.06d0.96

Suppose that in 2020 national income is equal to $20 trillion and consumption is $14.0 trillion. In 2019, with income of $20.8 trillion, consumption increased to $14.6 trillion. Calculate the marginal propensity to consume.Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer.a.6b.25c.75d.95e1.00

What is NOT the marginal propensity to consume?Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer.aThe ratio between consumption and incomebThe slope of the consumption functioncThe change of consumption divided by the change of incomedThe amount consumed with an extra unit of income

Total consumption is $3,680 when income is $4,000, and then total income increases to $5,520 when income rises to $6,000. Calculate the value of the marginal propensity to save.  (State your answer in hundredths, such as 0.21, for example.)

Marginal cost is always positive; therefore, marginal revenue at the profit-maximizing output will have to be ________.Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer.anegativebpositivecequal to 0

Assume that the level of autonomous consumption in an economy equals 400, the level of planned investment = 400.Calculate the marginal propensity to consume, if the level of income equals 2,000?Provide answer to one decimal point.