Find C, when C =200, MPC = 0.5 and Y = ₹ 1,000. - Vidyadip

Question

Find C, when $\bar{\text{C}}=200,$ MPC = 0.5 and Y = ₹ 1,000.

✓

Answer

We know that,

$\text{C}=\bar{\text{C}}+\text{bY (MPC = b)}$

Substitutins the vatues, we get = 200 + 0.5(1,000)

= 200 + 500 = 700

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