Multiple Choice Questions on Income rises from 50 000 to 60 000 consumption increases from 40 000 to 48 000 In this situatio........... for Common University Entrance Test (CUET) Preparation

Back to Main Page

Multiple Choice Questions

Income rises from 50 000 to 60 000 consumption increases from 40 000 to 48 000 In this situatio...........

Economics (CUET) Determination of Income and Employment
    Download Solution PDF

    Income rises from 50,000 to 60,000, consumption increases from ?40,000 to 48,000. In this situation, what will be the value of Marginal Propensity to Consume (MPC)?

     

    0.80
     

    Correct Answer

    0.20
     

    Incorrect Answer

    0.10

    Incorrect Answer

    0.90

    Incorrect Answer
    छोटे Courses बड़े Results
    Master Determination of Income and Employment
    Prepare through Micro-courses
    Try Now
    Explanation:

    Option (1) is correct.
     

    By: Parvesh Mehta
    ProfileResources

    Let's Discuss

    Master
    Determination of Income and Employment
    With abhipedia
    Micro Courses
    Try Now
    What our students have to say
    Review on us
    Download Abhipedia Android App

    Access to prime resources

    Downlod from playstore
    download android app download android app for free