Which of the Following Concerning the Marginal Propensity to Consume

question 414

Multiple Choice

Which of the following concerning the marginal propensity to consume and the consumption function is true?
I. The larger the marginal propensity to consume, the greater the amount of autonomous consumption.
II. The larger the marginal propensity to consume, the steeper the consumption function.

• A) I and II are true.
• B) Neither I nor II is true.
• C) I is true.
• D) II is true.

Grasp fundamental ideas around constraints and objective functions in optimization problems.

Comprehend the role of risk analysis software in managing uncertainties in optimization models.

Learn about binary variables and their significance in integer optimization models.

Understand the differences between the net method and the gross method of recording purchases and sales.

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