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The consp. Function of an economy …

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The consp. Function of an economy is given as C=60+0.6y. What will be break even level of income.(from chapter 7 )

Posted by Muskan Deswal 5 years, 6 months ago

CBSE > Class 12 > Economics

2 answers

Khushi Varshney 5 years, 6 months ago

at Y=150

Sneha Manchanda 5 years, 6 months ago

C=60+0.6Y so, accordingly minimum level of consumption is 60 and MPC is 0.6 . And at break even level C=Y or S=0 so by taking S= 0 we can say that S= -minimum level of consumption+(1-MPC)Y ...........so, as i have mentioned before that at break even level s=0 ......0=-60+(1-0.6)Y ........60=0.4Y ......Y=60/0.4...........Y=150......

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