   Chapter 12.4, Problem 19E ### 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 $6 trillion when disposable income is$0 and if the marginal propensity to consume is d C d y = 1 y + 1 + 0.4 find the national consumption function.

To determine

To calculate: The national consumption function If consumption is $6 trillion when disposable income is$0 trillion and if the marginal propensity to consume is dCdy=1y+1+0.4.

Explanation

Given Information:

The consumption is $6 trillion when disposable income is$0 trillion and if the marginal propensity to consume is dCdy=1y+1+0.4.

Formula used:

The power rule of integration is;

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

xndx=xn+1n+1+c n1

Here c is any arbitrary constant.

The sum rule is;

f(x)±g(x)dx=f(x)dx±g(x)dx

Calculation:

Consider the marginal propensity to consume is;

dCdy=1y+1+0.4

Here, y is the national disposable national income

To find the National consumption function C, integrate the above expression with respect to y as;

C=(1y+1+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

#### Solve the differential equation. 10. 2xy+y=2x

Single Variable Calculus: Early Transcendentals

#### Finding a Limit In Exercises 5-18, find the limit. limx55x+3

Calculus: Early Transcendental Functions (MindTap Course List)

#### Solve x3=4.3.

Mathematics For Machine Technology

#### Expand each expression. p+q4

College Algebra (MindTap Course List)

#### ∫(x − cos x)dx = 1 − sin x + C 1 + sin x + C

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

#### is the binomial series for:

Study Guide for Stewart's Multivariable Calculus, 8th 