Data on after-tax income and consumption spending for the Adam Smith family are given below:After-tax IncomeConsumption Spending9,00015,40014,00018,40019,00021,40024,00024,400Based on these data, the Adam Smith family has a marginal propensity to consume equal to:

A. 0.9.
B. 0.75.
C. 0.6.
D. 0.8.


Answer: C

Economics

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