Suppose consumption C is related to income Y by the equation C = 10 + 0.9Y

Question:

Suppose consumption C is related to income Y by the equation C = 10 + 0.9Y − 0.02Y².

a. Where does this equation intersect the vertical axis?

b. What is the slope of the line at Y = 0?

c. Does the slope of the line increase or decrease as income increases?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Answer rating: 100% (QA)

Answered By

AJIN kuriakose

I have completed B.Tech in Electrical Engineering & Masters in Power & Control From one of the best universities in India. I got the 99.05 percentile in the Gate Electrical Engineering Exam. I can Help students solving assignments in Electrical subjects like Power Electronics, Control system, Analog, Network Theory & Engineering Mathematics. Clear your fundamentals and develop problem-solving skills and analytical skills to crack the exam. Get guidance and the opportunity to learn from experienced... I can provide tuition for Electrical engineering subjects (Power Electronics, Digital electronics, Network Theory, Control System & Engineering Mathematics). The toughest subject of Electrical engineering can be made simple in online classes... I can also solve it. 1 .I can help you with your assignments or exams or quiz or tutoring. 2. Very strict to the deadlines. Message me for any help in assignments, live sessions. I am here to help students for all assignments, tests and exams and I will make sure you always get _95% In your subject. Contact me in solution inn for any help in your semester, projects and for many more things . Also feel free to contact me through solution inn and for any advise related to tutoring and how it works here.thank you.

5.00+ 5+ Reviews 10+ Question Solved

Related Book For answer-question