If Consumption Is Defined as C = 1,350 + 0

question 105

True/False

If consumption is defined as C = 1,350 + 0.6Y,then the marginal propensity to consume is 0.6.

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Definitions:

Trichromat

A person with normal color vision.

Dichromat

A person who is sensitive to black–white and either red–green or blue–yellow and hence is partially color–blind.

Bichromat

An individual with the ability to perceive only two of the three primary colors due to a form of color vision deficiency.

Monochromat

A person who is sensitive to black and white only and hence color–blind.