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Equation of propensity to consume

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Equation of propensity to consume

Posted by Sanat Mangal 4 years, 2 months ago

CBSE > Class 12 > Economics

2 answers

Anushka Kakkar 4 years, 2 months ago

The average propensity to consume is equal to C/Y where C is consumption and Y Is income The marginal propensity to consume is ΔC/ΔY where ΔC is the change in consumption and ΔY is the change in income

1Thank You

Gaurav Seth 4 years, 2 months ago

The marginal propensity to consume is equal to ΔC / ΔY, where ΔC is the change in consumption, and ΔY is the change in income. If consumption increases by 80 cents for each additional dollar of income, then MPC is equal to 0.8 / 1 = 0.8.

2Thank You

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