   Chapter 12.4, Problem 17E ### Mathematical Applications for the ...

11th Edition
Ronald J. Harshbarger + 1 other
ISBN: 9781305108042

#### Solutions

Chapter
Section ### Mathematical Applications for the ...

11th Edition
Ronald J. Harshbarger + 1 other
ISBN: 9781305108042
Textbook Problem

# If consumption is $8 trillion when income is$0 and if the marginal propensity to consume is d C d y = 0.3 + 0.2 y find the national consumption function.

To determine

To calculate: The national consumption function If consumption is $8 trillion when disposable income is$0 trillion and if the marginal propensity to consume is dCdy=0.30+0.2y.

Explanation

Given Information:

The consumption is $8 trillion when disposable income is$0 trillion and if the marginal propensity to consume is dCdy=0.30+0.2y.

Formula used:

The integration of function f(x)=xn is given by;

xndx=xn+1n+1+c n1

Here c is any arbitrary constant.

Calculation:

Consider the marginal propensity to consume is;

dCdy=0.30+0.2y

Integrate the equation with respect to y,

C=(0.30+0

### Still sussing out bartleby?

Check out a sample textbook solution.

See a sample solution

#### The Solution to Your Study Problems

Bartleby provides explanations to thousands of textbook problems written by our experts, many with advanced degrees!

Get Started

#### Find the value of the sum. 34. i=1ni(i+1)(i+2)

Single Variable Calculus: Early Transcendentals, Volume I

#### Find for x = 3t2 + 1, y = t6 + 6t5. t4 + 5t3 4t3 + 15t2

Study Guide for Stewart's Multivariable Calculus, 8th

#### True or False: If f′(c) = 0 and f″(c) < 0, then c is a local minimum.

Study Guide for Stewart's Single Variable Calculus: Early Transcendentals, 8th 