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
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).
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