Autonomous Consumption Is 50

question 141

Multiple Choice

Autonomous consumption is 50. With every increase of one dollar in disposable income, consumption increases 60 cents. The marginal tax rate is 10 percent. The equation of the consumption function is

• A)C = 50 + 0.6Y.
• B)C = 50 + 0.54YD.
• C)C = 50 + 0.5YD.
• D)C = 50 + 0.06Y.
• E)C = 50 + 0.54Y.

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Definitions:

Vertical Loading

The delegation of greater responsibility and authority to lower levels within an organizational hierarchy, aiming to increase job enrichment and employee engagement.

Horizontal Loading

An approach to job design that involves adding more tasks of similar complexity to an employee's responsibilities to increase job breadth.

Job Responsibility

The specific tasks or duties that are expected to be carried out by someone in their employment role.

Job Enlargement

The process of increasing the number and variety of tasks that an employee performs, aiming to enhance job satisfaction and performance.