The first derivative of the consumption function is:
A) marginal revenue
B) marginal cost
C) marginal propensity to consume
D) none
Correct Answer:
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Q6: Consumption function is given C = 35
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
Q12: Revenue function TR = 22x²+14, find Marginal
Q13: The addition to total cost:
A)mc
B)ac
C)tc
D)none
Q14: The proportionate change in quantity demanded and
Q15: MRSxy is equal to:
A)mux/muy
B)mpx/mpy
C)mrts
D)none
Q16: Marginal rate of technical substitution is equal
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