Question : When income rises from Rs. 5000 to Rs. 6000, savings rises by Rs. 600. Find MPC.
Option 1: 0.6
Option 2: 0.4
Option 3: 0.7
Option 4: None of the above.
Correct Answer: 0.4
Solution :
Question : Inventory rises above the desired level when
Question : If income is Rs.2000 and consumption is Rs. 1800. Calculate APC.
Question : The positive square root of [0.6 × 0.6 × 0.6 + 0.4 × 0.4 × 0.4 + 3 × 0.6 × 0.4 (0.6 + 0.4)] is equal to:
Question : What is the value of $\small \frac{(0.7)^{3}-(0.4)^{3}}{(0.7)^{2}+0.7\times 0.4+(0.4)^{2}}$?
Question : Determine the value of MPS & MPC from the following consumption function, C= 75+0.8Y.
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