Suppose that the marginal propensity to save is dS/dy=0.2-0.1e^-2y and the consumption is 7.8 trillion when disposable

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Suppose that the marginal propensity to save is dS/dy=0.2-0.1e^-2y and the consumption is 7.8 trillion when disposable income is $0. Find the national consumption function: C(y)=?

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Mathematical Applications for the Management Life and Social Sciences

ISBN: 978-1305108042

11th edition

Authors: Ronald J. Harshbarger, James J. Reynolds

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Posted Date: May 16, 2019 12:11 AM

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Suppose that the marginal propensity to save is dS/dy=0.2-0.1e^-2y and the consumption is 7.8 trillion when disposable

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We have the following information MPS dSdy02 Consumption 78 Disposable inc 0 National consumptio... View the full answer

Mathematical Applications for the Management Life and Social Sciences

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