Question : Determine the value of MPS & MPC from the following consumption function, C= 75+0.8Y.
Option 1: 0.4, 0.6
Option 2: 0.2, 0.8
Option 3: 0.5,0.5
Option 4: 0.6,0.4
Answer (1)
17th Jan, 2024
Correct Answer:
0.2, 0.8
Solution :
MPS= 0.2, MPC= 0.8
Hence, Option B is correct.
Comments (0)
