If Consumption Is $1 Billion When Disposable Income Is 0

question 44

Multiple Choice

If consumption is $1 billion when disposable income is 0, and if the marginal propensity to consume is 0.50, what is consumption when disposable income is 50 billion? If it's necessary, round your answer to one decimal place. ​

• A)$50.5 billion
• B)$626 billion
• C)$26 billion
• D)$13.5 billion
• E)$1,250.5 billion

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Definitions:

Breach Of Contract

The failure to fulfill the terms of a contract without lawful excuse, which may lead to legal action or damages.

Unilateral Mistake

A mistake made by only one of the parties about the terms of a contract.

Duress

The act of compelling someone to act against their will by use of threats, force, or coercion.

Undue Influence

A legal concept where an individual is taken advantage of by someone else with a dominant position, thereby being coerced or manipulated into making a legal decision not in their best interest.