B) 1 divided by the slope of the savings schedule or line.
C) the slope of the consumption schedule or line.
D) 1 divided by the slope of the consumption schedule or line.
A) the slope of the savings schedule or line.
B) 1 divided by the slope of the savings schedule or line.
C) the slope of the consumption schedule or line.
D) 1 divided by the slope of the consumption schedule or line.
Answer & ExplanationAnswer: D) 1 divided by the slope of the consumption schedule or line.
Explanation:
Marginal propensity to consume (MPC) in economics is a metric that quantifies induced consumption, the concept that the increase in personal consumer spending (consumption) occurs with an increase in disposable income (income after taxes and transfers).
Abraham Lincolon was an American statesman and lawyer who served as the 16th President of the United States from March 1861 until his assassination in April 1865.
Lincoln led the United States through the American Civil War—its bloodiest war and perhaps its greatest moral, constitutional, and political crisis.
Read the following information carefully and answer the questions given below it. There are five men A,B,C,D and E and six women P, Q, R, S, T and U. A, B and R are advocates, C, D, P, Q and S are doctors and the rest are teachers. Some teams are to be selected from amongst these eleven persons subject to the following conditions.
A, P and U have to be together.
B cannot go with D or R.
E and Q have to be together.
C and T have to be together.
D and P cannot go together.
C cannot go with Q.
If the team is to consist of two male advocates, two lady doctors and one teacher, the members of team are
In 1952, Waksman was awarded the Nobel Prize in Physiology or Medicine in recognition "for his discovery of streptomycin," the first antibiotic active against tuberculosis.
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