If the Consumption Function Is Defined as C = 5,500

question 191

Multiple Choice

If the consumption function is defined as C = 5,500 + 0.9Y,what is the marginal propensity to consume?

• A)0.1
• B)0.9
• C)5.5
• D)6.1

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Definitions:

Hexagonal

Relating to a shape or object having six angles and sides, often used in reference to cross-sectional shapes of bolts or nuts.

Abbreviation

A shortened form of a word or phrase used for convenience.

M

Often used as an abbreviation for "meter" in metric measurements or as a designation for thousands in units of measure.

Internal Threads

The threads located within a hole or bore, allowing for the screwing in of a mating part with external threads.