1. If the national consumption function is given by C(y) = 2(y + 1)1/2 + 0.4y +...
Question:
C(y) = 2(y + 1)1/2 + 0.4y + 4
find the marginal propensity to consume, dC/dy.
2. Suppose that the demand function for q units of an appliance priced at $p per unit is given by
p = 400(q + 1) / (q + 2)2
Find the rate of change of price with respect to the number of appliances.
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Related Book For 
Mathematical Applications for the Management Life and Social Sciences
ISBN: 978-1305108042
11th edition
Authors: Ronald J. Harshbarger, James J. Reynolds
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