If total Income is N15m and total consumption Is N3m. Then the average propensity to consume is? by Sunday | May 3 | Economics NECO | 0 comments A. 0.2 B. 0.6 C. 0.7 D. 5 E. 10 Correct Answer: Option A – 0.2 Users Also Read These:If the marginal propensity to consume is 0.75 and…In the theory of production and cost, the average…In a closed economy; the marginal propensity to…Given that the total fixed cost is N1,000, total…With a given level of money income, a consumer…