If national consumption is $8.5 billion when disposable income is $0 and if the marginal propensity to
Question:
If national consumption is $8.5 billion when disposable income is $0 and if the marginal propensity to consume is
dC/dy = 1/√2y + 16 + 0.6
find the national consumption function.
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dC dy 12 2y16 2 06 or 12 ...View the full answer
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Related Book For
Mathematical Applications For The Management, Life And Social Sciences
ISBN: 9781337625340
12th Edition
Authors: Ronald J. Harshbarger, James J. Reynolds
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