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CBSE Class 12-commerce Answered

"The value of MPC is 0.6 and initial income is 100. Prepare a schedule showing income, consumption, and saving. Also show equilibrium level of income assuming autonomous investment as 80."   In this how can be consumption 60 at income level 100, as that would mean consumption is 0 at zero income level, but there is always some autuonomous consumption?
Asked by sanjana30yadav | 23 Apr, 2018, 04:03: PM
answered-by-expert Expert Answer
Kindly refer the solution in the following link
https://www.topperlearning.com/study/cbse/class-12-commerce/economics/previous-year-question-papers/55070/pdf/b101c504s24e8
Answered by Tharageswari S | 24 Apr, 2018, 10:05: AM
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