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
Section2.4: Average Rate Of Change Of A Function
Problem 4.2E: bThe average rate of change of the linear function f(x)=3x+5 between any two points is ________.
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If consumption is $4.9 billion when income is $1 billion and if the marginal
propensity to consume is
0.2
dC
= 0.5 +
dy
(in billions of dollars)
find the national consumption function.
C(y) =
Transcribed Image Text:If consumption is $4.9 billion when income is $1 billion and if the marginal propensity to consume is 0.2 dC = 0.5 + dy (in billions of dollars) find the national consumption function. C(y) =
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