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Answer to Question #128975 in Economics of Enterprise for Fatimah

Question #128975
Suppose we have the consumption function C=10+ tha marginal prospensity to consume is
1
Expert's answer
2020-08-10T20:07:05-0400

Given the consumption function, we know that marginal propensiy to consume is arrived at by dividing marginal consumption over the marginal income.




MPC= Change in consumption/ change in disposable income


Consumption function: C= 10x


MPC= 10 after differentiating the function in respect to x


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