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-The above table has data on the consumption function in the nation of Mojo.
a) What is the amount of autonomous consumption expenditure?
b) What is the marginal propensity to consume?
Operating Leverage
A measure of the relative mix of a business’s variable costs and fixed costs, computed as contribution margin divided by operating income.
Highly Automated Industries
Sectors that rely extensively on automation and machinery to produce goods or deliver services with minimal human intervention.
Operating Leverage
The degree to which a firm or project can increase operating income by increasing revenue, a measure of how revenue growth translates into growth in operating income.
Operating Income
This income represents the profit from a company's core business operations, excluding the deduction of interest and taxes.
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