Register
The following equation represents a relationship between household consumption expenditure, c and income, y: C= 120+0.65y explain what the figure 120 stands for in the consumption income relationship,
132k views
5 votes
The following equation represents a relationship between household consumption expenditure, c and income, y: C= 120+0.65y explain what the figure 120 stands for in the consumption income relationship, and the type of

relationship

User Adri
by
9.1k points

1 Answer

6 votes
120 is the MPC (marginal propensity consumption), and it has an independent relationship.
User Andrew Keller
by
8.7k points
← Prev Question Next Question →

Related questions

User Pradeepchhetri
asked Feb 12, 2024 222k views
What is the quotient? \large \left(65y^3+28y^2-22y-5\right)\div\left(5y^{ }+1\right)
Pradeepchhetri asked Feb 12, 2024
by Pradeepchhetri
7.5k points
1 answer
3 votes
222k views
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.5m questions

12.2m answers

Other Questions

Several United States Presidents committed military troops to serve in Vietnam in an effort to a. react to violations of United States neutrality. b. support the policy of containment. c. oppose the Chinese
If a nail reacts with oxygen is it a physical property or chemical
I need help really quickly can someone help me with the truth table
Nelson has been taking karate lessons since the age of 7. He has slowly progressed in skill and has earned several belts. He wants to begin entering competitions. He gets permission to attend an extra
How does the sun create wind?
Link Copied!