If the Consumption Function Is Given by C = 150

question 89

Multiple Choice

If the consumption function is given by C = 150 + 0.85Y and Y increases by 1 unit, then saving:

• A)decreases by 0.85 units.
• B)decreases by 0.15 units.
• C)increases by 0.15 units.
• D)increases by 0.85 units.

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Definitions:

Employee Morale

The overall outlook, satisfaction, and confidence that employees feel towards their workplace.

Incentive Plan

A program designed to motivate and reward employees for meeting or exceeding performance and productivity targets.

Company's Success

A company's success is measured by its ability to achieve its goals, financial prosperity, and the satisfaction of its stakeholders.

Exercise Price

The specified price at which an option contract can be executed, commonly used in the context of stock option plans.