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40. Data on after-tax Income and consumption spending for the Adam Smith family are given bolow: After-tax Income $9,000 $14,000 $19,000 $24,000 Consumption Spending 518,100

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40. Data on after-tax Income and consumption spending for the Adam Smith family are given bolow: After-tax Income $9,000 $14,000 $19,000 $24,000 Consumption Spending 518,100 $21,850 525,600 $29,350 Based on these data the Adam Smith family has a marginal propensity to consume of: 0.75 A B. 0.8 0.9 0.6

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