MPC given the consumption

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MPC given the consumption

ranjankumarnayak5
Find the MPC given the consumption function C=6004.8 + 0.32Y
(A) 6005.1
(C) 18765
(B) 6004.08
(D) None of the above
SM
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Re: MPC given the consumption

SM
A consumption function is of the form, C= c+bY , where c is the autonomous consumption(consumption that is independent of income)  and b is the marginal propensity to consume, i.e the proportion of income that will be consumed.

Hence, the answer will be d- none of the above.
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Re: MPC given the consumption

ranjankumarnayak5
thank you very much