When the Consumption Function Is Expressed as C = 200

question 10

Multiple Choice

When the consumption function is expressed as C = 200 + .75(1- t) y where t =0.2, then if income is 1000, then total consumption is:

• A) 800.
• B) 600.
• C) 750.
• D) 1000.

---

Definitions:

Nonprofit Organizations

Organizations that operate for charitable, educational, scientific, or public safety purposes to benefit the public or a particular group of people, without intending to make a profit for its owners or members.

Retailers

Businesses or individuals that sell goods directly to consumers for personal or household use, acting as the final stage in the distribution chain.

Research And Development

The process of investigating new ideas and creating innovative solutions to address scientific or technological challenges, often leading to new products or improvements.

Unusual Food Products

Edible items that are distinct in origin, taste, or composition, often appealing to niche markets seeking novel or exotic culinary experiences.