If consumption is $5 trillion when disposable income is $0 and if the marginal propensity to consume

Question:

If consumption is $5 trillion when disposable income is $0 and if the marginal propensity to consume is dC/dy = 0.4 + 0.3/√y find the national consumption function.
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: