If national consumption is $9 billion when disposable income is $0 and if the marginal propensity to

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If national consumption is $9 billion when disposable income is $0 and if the marginal propensity to consume is 0.30, what is consumption when disposable income is $20 billion?

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Mathematical Applications For The Management, Life And Social Sciences

ISBN: 9781337625340

12th Edition

Authors: Ronald J. Harshbarger, James J. Reynolds

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Question Posted: Nov 16, 2020 01:36 AM

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If national consumption is $9 billion when disposable income is $0 and if the marginal propensity to

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dCdy 030 Cy 030 dy 0...View the full answer

Mathematical Applications For The Management, Life And Social Sciences

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