Question

explain consuption function with scdedule and diagram​

Answer 1

Answer:

Consumption function refers to the standard equation of consumption which defines the relationship between consumption and income where consumption value can be derived at each level with the use of income value. C= c+ bY where c=autonomous consumption, b= marginal propensity to consume, and Y= income.

Explanation:

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Answer 2

Answer:

Consumption function refers to the standard equation of consumption which defines the relationship between consumption and income where consumption value can be derived at each level with the use of income value. C= c+ bY where c=autonomous consumption, b= marginal propensity to consume, and Y= income.

Explanation:

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