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Consider the following table for a household's consumption expenditures and disposable income. 600- Compute the average and marginal propensity to consume for each level of
Consider the following table for a household's consumption expenditures and disposable income. 600- Compute the average and marginal propensity to consume for each level of income and fill in the table. (Enter your responses rounded to two decimal places.) 500- Disposable Income Consumption APC MPC 400- 50 5225 $100 $300 Consumption ($) 300- $200 $375 $300 $450 200 $400 $525 $500 $600 100 Using the line drawing tool, plot and label the consumption function on the figure to the right. O- Carefully follow the instructions above, and only draw the required object. 100 200 300 400 500 600 Income ($)
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