If the Consumption Function Is Defined as C = 7,250

question 51

Multiple Choice

If the consumption function is defined as C = 7,250 + 0.8Y,what is the autonomous level of consumption expenditure?

• A)$5,800
• B)$7,250
• C)$9,062.50
• D)$9,700

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Definitions:

Regulations Compliance

entails adhering to laws, policies, and regulations that govern how a business operates, ensuring it meets legal and ethical standards.

Measuring Performance

The process of evaluating the efficiency, effectiveness, and quality of work done by an organization, program, or employee.

Supply Function

The role or operation focused on managing and overseeing the procurement and provision of goods and services.

Supply Management

The process of managing and optimizing the flow of materials, information, and finances as products move from suppliers to manufacturers to wholesalers to retailers to consumers.