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CBSE Class 12-commerce Answered

Can the value of MPC be 0  Can the value of MPC be 1  Please give detailed explanation
Asked by anshu3ag | 22 Mar, 2019, 10:33: PM
answered-by-expert Expert Answer
MPC is the ratio of change in consumption to chnage in income. MPC always lies between 0 and 1 
 
Yes MPC can be zero: For example if income increases by 1,000 and the entire income is saved and nothing is used for consumption then MPC=0
Yes MPC can be one : For example if income increases by 1,000 and the entire income is consumed and nothing is saved then MPC=1
Answered by Christina | 23 Mar, 2019, 11:53: AM
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