If the Keynesian consumption function is C = 10 + 0.8 Y then when disposable income is Rs 100, What is the marginal propensity to consume?
A. ₹ 0.8
B. ₹ 800
C. ₹810
D. ₹0.81
Answer:A
If the Keynesian consumption function is C = 10 + 0.8 Y then when disposable income is Rs 100, What is the marginal propensity to consume?
A. ₹ 0.8 B. ₹ 800 C. ₹810 D. ₹0.81