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=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 : Using the consumption function, Calculate saving at income level of 2500 crore, if autonomous consumption is 200 crore and 60% of additional income is consumed.

Option 1: 1000

Option 2: 600

Option 3: 800

Option 4: 200

Question : The consumption function is given by C = 600 + 0.8Y. If disposable income is INR 3,000, what is the level of consumption?

Option 1: INR 1,800
   

Option 2: INR 3000
   

Option 3: INR 4,200

Option 4: INR 4,800