Which of the Following Consumption Functions Has a Marginal Propensity

question 1

Multiple Choice

Which of the following consumption functions has a marginal propensity to consume equal to 0.95?

• A)C = 95 + 0.87Y
• B)C = 0.95 + 0.87Y
• C)C = 1,000 + 0.05Y
• D)C = 1,000 + 95Y
• E)None of these

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Definitions:

Sales Presentations

Demonstrations or pitches delivered by salespeople showcasing a product or service's features and benefits with the goal of persuading the audience to make a purchase.

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Purchasing Agents

Purchasing agents are professionals responsible for buying goods, services, or works for their organization, emphasizing on obtaining the best quality at the lowest cost.

Buyer's Product Line

The range of products a buyer is responsible for purchasing or managing within an organization or retail environment.