If the Consumption Function Is C = 20 + 0

question 62

Multiple Choice

If the consumption function is C = 20 + 0.5Y_D,then an increase in disposable income by $100 will result in an increase in consumer expenditure by

• A)$25.
• B)$70.
• C)$50.
• D)$100.

Explore the implications of decision-making through feasibility, market, and failure analysis reports.

Analyze the effectiveness and drawbacks of the yardstick approach in structuring business reports.

Grasp the essentials of creating compelling proposals that address the client’s needs and challenges convincingly.

Understand the differences between solicited and unsolicited proposals.

---

Definitions:

Completely Randomized Design

An experimental design where subjects are randomly assigned to treatments, ensuring that each treatment occurs with equal probability across all subjects.

Homogeneous Units

Groups or samples that are similar in characteristics or properties, ensuring that comparisons or experiments are not influenced by differing variables.

Randomized Block Experiment

An experimental design that aims to reduce confounding variables by grouping subjects into blocks and then randomly assigning treatments within each block.

MSB

Most Significant Bit, the bit in a binary number that has the largest value or place.