Consumption of capital good in the process of production is called as

Related MCQs

• The curve showing the possibilities of production of desired good is known as:
• MEC for a capital good was found out to be 10% and the market rate of interest is 9%, then the investment is
• The slope of the consumption function is called
• Change in utility resulting from one unit change in consumption is called:
• In the fundamental theorem of consumption and to prove the law of demand, Samualson uses
• Income consumption curve of an inferior commodity is
• Ratio of consumption expenditure to any particular level of income
• Psychological law of consumption states that the value of MPC is lies between zero and
• Who propounded Psychological law of consumption
• In the linear consumption function C = a + bY, coefficient ‘a’ denotes