Suppose the marginal propensity to save is given by and national consumption is $6.6 billion when disposable

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Suppose the marginal propensity to save is given by

dS 0.25 0.22 - dy V0.5y + 1 0.5у

and national consumption is $6.6 billion when disposable income is $0. Find the national consumption function.

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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 01:41 AM

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Suppose the marginal propensity to save is given by and national consumption is $6.6 billion when disposable

Question:

dS 0.25 0.22 - dy V0.5y + 1 0.5у

Step by Step Answer:

ds dy 025 05y 1 022 dC ...View the full answer

Mathematical Applications For The Management, Life And Social Sciences

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