-Refer to the information above to answer this question.What is the value of autonomous consumption?
A)0
B)$40
C)$60
D)$80
E)$340

Name: -Refer to the information above to answer this question.What is the value of autonomous consumption? A)0 B)$40 C)$60 D)$80 E)$340
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Question

-Refer to the information above to answer this question.What is the value of autonomous consumption?
A)0 
B)$40 
C)$60 
D)$80 
E)$340

Quizplus · Accepted Answer

Autonomous consumption refers to the level of consumption expenditure when income is zero. It is the intercept of the consumption function on the consumption axis, which in this context is given as $40.

-Refer to the Information Above to Answer This Question