Suppose C(x) measures an economy's personal consumption expenditure and x the personal income, both in billions of dollars. Then the following function measures the economy's savings corresponding to an income of x billion dollars.
The quantity dS/dx below is called the marginal propensity to save.
For the following consumption function, find the marginal propensity to save.
Given marginal propensity is the first derivative of S(x) and given C(x) = 0.634x + 95.23
Then we find ...
Solutions are written by subject experts who are available 24/7. Questions are typically answered within 1 hour.*See Solution
Q: Find the exact area of the surface obtained by rotating the curve about the x-axis. y= square root o...
A: The given curve is
A: Consider the given limit.
Q: T=DC - 7, for D
A: To rewrite the given equation , with D as the subject
Q: -12x-y=40 y=x2-8 Solve these nonlinear equations
A: Consider the given nonlinear equation as,
A: Click to see the answer
Q: Can you please help me step by step with this problem?
A: From the given function:
Q: Let y= 6 x5 − 3.Find A, B, and C so that dy dx = AxB + C. A = B = C = Then find the value ...
A: Consider the function
Q: An electric utility company determines the monthly bill for a residential customer by adding an ener...
A: Given thatEnergy charges for 1 kilo watt - hour = 6.39 cents = $ 6.39 * 1/(100) = $ 0.0639 [ since ...
Q: Use Cramer's rule and solve 6x-4z=26 7x+8y+5z=122 9x-9y=54
A: Use Cramer’srule and solve.