A certain economy's consumption function is given by the equation C(x) = 0.85x + 5 where C(x) is the personal consumption expenditure in billions of dollars, and x is the disposable personal income in billions of dollars. Find C(0), C(50), and C(100). C(0) = billion dollars C(50) = billion dollars C(100) = billion dollars

A certain economy's consumption function is given by the equation C(x) = 0.85x + 5 where C(x) is the personal consumption expenditure in billions of dollars, and x is the disposable personal income in billions of dollars. Find C(0), C(50), and C(100). C(0) = billion dollars C(50) = billion dollars C(100) = billion dollars

Economics For Today

10th Edition

ISBN:9781337613040

Author:Tucker

Publisher:Tucker

Chapter18: The Keynesian Model

Section: Chapter Questions

Problem 6SQ

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