If the Consumption Function Is Defined as C = 5,500

question 286

Multiple Choice

If the consumption function is defined as C = 5,500 + 0.9Y,what is the value of the marginal propensity to consume?

• A)0.1
• B)0.9
• C)5.5
• D)6.1

Comprehend the branches of psychology that deal with thoughts, feelings, and behavior in social contexts.

Identify factors influencing an individual’s behavior in social contexts.

Discover how social norms influence individual and group behaviors.

Learn about cognitive schemas and their role in person perception.

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Definitions:

ROI

Return on Investment, a performance measure used to evaluate the efficiency of an investment or compare the efficiency of different investments.

Contribution Margin

The difference between sales revenue and variable costs, indicating how much revenue contributes to covering fixed costs and generating profit.

Operating Data

Operating data consists of the information related to the day-to-day operations of a company, helping in the management and optimization of its business processes.

ROI

Return on Investment, a financial metric used to evaluate the efficiency or profitability of an investment, calculated by dividing net profit by the cost of the investment.