Suppose that the marginal propensity to consume is dc 0.5 -2y (in billions of dollars) dy and that consumption is $5.55 billion when disposable income is $0. Find the national consumption function. C(y) =
Suppose that the marginal propensity to consume is dc 0.5 -2y (in billions of dollars) dy and that consumption is $5.55 billion when disposable income is $0. Find the national consumption function. C(y) =
Algebra and Trigonometry (MindTap Course List)
4th Edition
ISBN:9781305071742
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter2: Functions
Section2.5: Linear Functions And Models
Problem 5E
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