Multiple Choice
Consumption function is given C = 35 + .4 Yd , find MPC:
A) .4
B) .6
C) .8
D) .7
Correct Answer:
Verified
Correct Answer:
Verified
Q2: The relation of Price and quantity demanded:<br>A)negative<br>B)positive<br>C)no
Q3: The relationship between income and consumption:<br>A)consumption<br>B)saving<br>C)investment<br>D)none
Q4: The addition to total cost:<br>A)mc<br>B)ac<br>C)tc<br>D)none
Q5: Given the utility function U = 5x²+12x,
Q6: The relationship between the price of the
Q8: An identity between two alternative:<br>A)behavioral<br>B)definitional<br>C)conditional<br>D)none
Q9: The difference between total revenue and the
Q10: The proportionate change in quantity demanded and
Q11: The first derivative of the consumption function
Q12: The relationship between quantity demanded of a