In the diagram, the marginal propensity to consume (MPC) is equal to

Economics JAMB 1993

In the diagram, the marginal propensity to consume (MPC) is equal to

  • \(\frac{RP}{TP}\)
  • \(\frac{TP}{RP}\) checkmark
  • \(\frac{RT}{RP}\)
  • \(\frac{RT}{TP}\)

The correct answer is: B

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