Consumption function is given C = 35 + .4 Yd , find MPC:
A) .4
B) .6
C) .8
D) .7
Correct Answer:
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Q1: The measurement of economic data:
A)mathematical
B)econometrics
C)business
D)statistics
Q2: An identity between two alternative:
A)behavioral
B)definitional
C)conditional
D)none
Q3: The relationship between the price of the
Q4: The relation of Price and quantity demanded:
A)negative
B)positive
C)no
Q5: The relationship between the price of the
Q7: The relationship between income and consumption:
A)consumption
B)saving
C)investment
D)none
Q8: The difference between total revenue and the
Q9: MPS + MPC =?
A)2
B)0
C)1
D)3
Q10: The difference between the present level of
Q11: The first derivative of the consumption function
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