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 (MP

  • C
A 0.25
B 0.33
C 0.75
D 1.33
E 1.27
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