If the Consumption Function Is C = 20 + 0

question 103

Multiple Choice

If the consumption function is C = 20 + 0.8Y_D,then an increase in disposable income by $100 will result in an increase in consumer expenditure by

• A)$58.
• B)$64.
• C)$80.
• D)$100.

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Definitions:

Archaea

A domain of single-celled microorganisms that are structurally similar to bacteria but have unique genetic, metabolic, and biochemical characteristics.

Bacteria

Microscopic, single-celled organisms found in virtually every environment on Earth, operating in both beneficial and harmful ways to humans.

Mitochondria

Organelles found in the cytoplasm of nearly all eukaryotic cells, responsible for producing energy through the process of oxidative phosphorylation, often referred to as the "powerhouses" of the cell.

Independently Living

The condition or practice of living in one's own residence and managing one's own affairs without reliance on others for daily activities.