Suppose the Consumption Function Is Given by the Equation C

question 104

Multiple Choice

Suppose the consumption function is given by the equation C = 100 + 0.8YD, where YD is disposable income. What is the marginal propensity to save?

• A)100
• B)0.8
• C)2.0
• D)0.2

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Definitions:

Direct Supervision

A management style where supervisors closely oversee the day-to-day activities of employees, often with immediate feedback.

Outside Sales

Sales activities conducted away from the seller's place of business, often through face-to-face meetings with potential clients.

Creative Selling

An approach to sales that involves using innovative and imaginative methods to convince potential customers to purchase a product or service.

Order-Getter

A salesperson responsible for actively seeking out, engaging with, and securing customers rather than waiting for them to initiate contact or make a purchase.