If the Keynesian consumption function is C = 10 + 0.8 Y then, and disposable income is ₹ 100, what is the average propensity to consume?
A. ₹ 0.8
B. ₹ 800
C. ₹ 810
D. ₹ 50.9
Answer:D
If the Keynesian consumption function is C = 10 + 0.8 Y then, and disposable income is ₹ 100, what is the average propensity to consume?
A. ₹ 0.8 B. ₹ 800 C. ₹ 810 D. ₹ 50.9