The fee to set up a ceremony is $1,000 with reception rental or $1,500 for ceremony only. The venue allows 5 hours of event time excluding set up and clean up time. The average wedding cost at The Sky Room is estimated at between $10,810 and $19,717 for a ceremony & reception for 100 guests.
Consumption Schedule. The average propensity to consume is calculated by dividing consumption in the second column by income in the first column. Beginning near the top of the schedule, if household income is $1 trillion, then consumption is $1.75 trillion, giving an average consumption of 1.75.
(1) Average Propensity to Consume (APC): Average propensity to consume refers to the ratio of consumption expenditure to the corresponding level of income. Then: APC C/Y = 70/100 = 0.70, i.e. 70% of the income is spent on consumption. In Table 7.4, at the income level of Rs 100 crores, APC = 1.20. APC falls to 1 when income rises to Rs 200 crores.