-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?
Definitions:
Capital Market Efficiency
Capital Market Efficiency is a theory that suggests markets are efficient in processing information, and thus, security prices at any time fully reflect all available information.
Competition
The rivalry among businesses or within markets for customers, which can influence prices, product quality, and innovations.
Market Participants
Entities or individuals involved in trading or investing in financial markets, including buyers, sellers, and intermediaries.
Semi-Strong Form Efficiency
This refers to a theory suggesting that all public information is already accounted for in stock prices, and that it's impossible to achieve higher returns using this information alone.
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