Question
According to the Keynesian Consumption Function, if an
individual's income increases from ₹50,000 to ₹70,000 and their consumption increases from ₹40,000 to ₹55,000, what is the value of the Marginal Propensity to Consume (MPC)?Solution
MPC = C hange in Consumption / Change in Income = (55,000 – 40,000) / (70,000 – 50,000) = 15,000 / 20,000 = 0.75 This means for every additional ₹1 earned, the individual spends 75 paise.
Which of the following statement is/are correct regarding T?
Statements:
No plant is a tree.
No tree is a shrub.
No shrub is a herb.
Conclusions: �...
- Statements:
Some flower are stem.
Some stem are root.
Each root is plant.
Conclusions:
I. All stem are plant is a p... In the following question below are given some statements followed by some conclusions based on those statements. Taking the given statements to be tr...
Conclusions:
I. All Table can be Chair.
II. Some Desk are not Table.
Statements:Statement:
Only a few Banana is Guava.
Some Guava is Leopard.
Some Leopa...
In the questions given below, there are three statements followed by three conclusions I, II and III. You have to take the three given statements to be...
Statements : Some cities are villages.
No village is a town.
All towns are countries.
Conclusions:I. Some towns being cities is a ...
Statements:
Only a few Cloud are Rain.
Some Rain are Rainbow.
Only Rainbow are Sky .
No rain is a Universe.
Conclusio...
Statements:
All Surfaces are Measurements.
Only few Measurements are Values.
Only few Values are Result.
No Result is a Co...
