Question: If the national consumption function is given by C(y) = 6(y + 1)/2 + 0.3y + 8 where y is the national disposable income,

If the national consumption function is given by C(y) = 6(y +

If the national consumption function is given by C(y) = 6(y + 1)/2 + 0.3y + 8 where y is the national disposable income, find the marginal propensity to consume, dC/dy. dC/dy =

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Cy6y112 03y 8 Find dCdy First take the derivative of both sides Cyddy6y112 0... View full answer

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