Consider the given consumption function of country X and ans

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82

M: +2.00/-0.50

Consider the given consumption function of country X and answer the following question.
C = 100 + 0.8Y
What is the value of autonomous consumption (A) and marginal propensity to consume (MPC) in the given equation?

[SSC CHSL 17th March 2023 Shift-4 With Answers]

A

A = 0.8, MPC = 100

B

A = 100, MPC = 80

C

A = 80, MPC = 0.10

D

A = 100, MPC = 0.8

EXPLANATION

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