Question : On the basis of consumption function: C=180+0.6Y. Determine consumption at the income level of Rs.500.
Option 1: 500
Option 2: 480
Option 3: 300
Option 4: 600

Question

Question : On the basis of consumption function: C=180+0.6Y. Determine consumption at the income level of Rs.500.

Option 1: 500

Option 2: 480

Option 3: 300

Option 4: 600

Team Careers360 · Accepted Answer

Correct Answer: 480

Solution : $C=\bar c+b(Y)$

$C=180+0.6(500)$

$C=480$

$Hence, Option\, B\, is\, correct.$

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Question : On the basis of consumption function: C=180+0.6Y. Determine consumption at the income level of Rs.500.Option 1: 500Option 2: 480Option 3: 300Option 4: 600

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Question : On the basis of consumption function: C=180+0.6Y. Determine consumption at the income level of Rs.500.
Option 1: 500
Option 2: 480
Option 3: 300
Option 4: 600

Question : On the basis of consumption function: C=20+0.6Y. Determine consumption at the income level of Rs.600.
Option 1: 280
Option 2: 300
Option 3: 380
Option 4: 400

Question : On the basis of consumption function: C=120+0.6Y. Determine saving at the income level of Rs.800.
Option 1: 100
Option 2: 150
Option 3: 250
Option 4: 200

Question : On the basis of consumption function: C=100+0.8Y. Determine saving at the income level of Rs.800.
Option 1: 80
Option 2: 60
Option 3: 100
Option 4: 120

Question : What is the value of MPC in the following consumption function

C= 200+0.90Y and also determinne consumption at income level of 500.
Option 1: 200, 600
Option 2: 0.10, 650
Option 3: 0.90, 650
Option 4: None of the above.

Question : The consumption expenditure and investment demand are Rs. 500 crores and Rs. 300 crore respectively when the income level is Rs. 1000 crores Calculate AD.
Option 1: 500
Option 2: 400
Option 3: 900
Option 4: 100