Suppose the Consumption Function Is C = $500 + 0

question 57

Multiple Choice

Suppose the consumption function is C = $500 + 0.8Y. If Y = $1,000, what is the amount of consumption?

• A) $300
• B) $500
• C) $1,000
• D) $1,300

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Definitions:

Defamation

The act of making a statement that can be proven to be false, with the intention of causing harm to another’s reputation or livelihood.

Reputation

The public perception or image of an individual, brand, or organization, shaped by past actions, communications, and stakeholder experiences.

Utilitarianism

A theory in normative ethics holding that the best action is the one that maximizes utility, usually defined as that which produces the greatest well-being of the greatest number of people.

Universal Applications

Broadly accessible and applicable tools or programs, often referring to software that can be used across various devices and operating systems.