If the Consumption Function Is C = 80 + 0

question 241

Multiple Choice

If the consumption function is C = 80 + 0.6Y, then the marginal propensity to consume equals:

• A) 0.4.
• B) - 0.4.
• C) 0.5.
• D) 0.6.

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Definitions:

Control

The power to influence or direct people's behavior or the course of events.

Time Effectively

Refers to managing one's time in such a way as to maximize productivity and efficiency.

Managing

The process of dealing with or controlling things or people, often within the context of a business or organization.

Employee Theft

The act of stealing from an employer by an employee, which can include theft of money, time, or company property.