If the Consumption Function Is C = 90 + 0

question 191

Multiple Choice

If the consumption function is C = 90 + 0.75y, then the marginal propensity to consume is

• A) 0.2.5.
• B) 0.75.
• C) 67.5.
• D) 90.

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Definitions:

Symbolized Categorical Statement

An expression using symbols to represent a statement about the relationship between categories or sets.

Categorical

Pertaining to categories or classification, particularly in logic where it relates to statements that assert or deny something about all members of a category.

Symbolized

To be symbolized means to represent something through symbols or to use symbols to express or convey ideas or concepts.

Symbolized Categorical Statement

A statement represented by symbols that categorically assert something about members of a particular group or category.