Ask questions which are clear, concise and easy to understand.
Ask QuestionPosted by Deepak Baranwal 5 years, 1 month ago
- 1 answers
Posted by Suhani Choudhary 5 years, 1 month ago
- 2 answers
Sameer Chaudhary 5 years, 1 month ago
Posted by Yasmeen Parveen 5 years, 1 month ago
- 0 answers
Posted by Shivang Mittal 5 years, 1 month ago
- 0 answers
Posted by Mukhti 8287 5 years, 1 month ago
- 2 answers
Posted by Akshay Kumar 5 years, 1 month ago
- 1 answers
Posted by Tanishq Malik 5 years, 1 month ago
- 0 answers
Posted by ☞Cheenu☜ ▄︻̷̿┻̿═━一 ? 5 years, 1 month ago
- 1 answers
Vikas Kaswan 5 years, 1 month ago
Posted by Ankush Sharma Anu Dhuri 5 years, 1 month ago
- 1 answers
Ronak Mor 5 years, 1 month ago
Posted by Ningthemchamayum Ebochanba 5 years, 1 month ago
- 0 answers
Posted by Aditya Jha 5 years, 1 month ago
- 1 answers
Posted by Rahul Yadav 5 years, 1 month ago
- 3 answers
Posted by Diwakar Kumar Gautam Abc 5 years, 1 month ago
- 1 answers
Khushi Dogra 5 years, 1 month ago
Posted by Nilanjana Biswas 5 years, 1 month ago
- 4 answers
Posted by Banover .... 5 years, 1 month ago
- 1 answers
Posted by Lalit Kumar 5 years, 1 month ago
- 1 answers
Mr. Singh 5 years, 1 month ago
Posted by Bijayalaxmi Mishra 5 years, 1 month ago
- 0 answers
Posted by Ravi Bhaskar 5 years, 1 month ago
- 1 answers
Student Of The Year 5 years, 1 month ago
Posted by Leny Kisku 5 years, 1 month ago
- 1 answers
Posted by Nandha Amy 5 years, 1 month ago
- 5 answers
Posted by Bini Tayo 5 years, 1 month ago
- 0 answers
Posted by Tanpreet Singh 4 years, 8 months ago
- 1 answers
Preeti Dabral 4 years, 8 months ago
The functional relationship between the consumption expenditure and income is known as consumption function Symbolically,
C=f (Y), Which is read as 'Consumption is a function of income'
Consumption function in terms of an algebraic expression can be written as
C={tex}\overline C{/tex}+bY
Where,
C=Consumption expenditure
{tex}\overline C{/tex}=Autonomous consumption at zero levels of income
b=Marginal Propensity to Consume
Y=Income
Let us understand it with the help of a schedule and diagram.
| 100 | 0 | - | - | - |
| 170 | 100 | 0.7 | 70 | 100 |
| 240 | 200 | 0.7 | 70 | 100 |
| 310 | 300 | 0.7 | 70 | 100 |
| 380 | 400 | 0.7 | 70 | 100 |
| 450 | 500 | 0.7 | 70 | 100 |

The point B represents the break even point where the consumption expenditure equals the income. To the left of point B, consumption is greater than income and to the right of point B, consumption is less than income.
Posted by Sk. Khan 5 years, 1 month ago
- 1 answers
Posted by Sushant Choudhary 5 years, 1 month ago
- 0 answers
Posted by Jemima Naaz 5 years, 1 month ago
- 0 answers

myCBSEguide
Trusted by 1 Crore+ Students

Test Generator
Create papers online. It's FREE.

CUET Mock Tests
75,000+ questions to practice only on myCBSEguide app
myCBSEguide
Sachin Patil 5 years, 1 month ago
2Thank You