Suppose that the marginal propensity to consume is dC / dy = 0.7 - e-2y and that

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Suppose that the marginal propensity to consume is dC / dy = 0.7 - e-2y and that consumption is $5.65 trillion when disposable income is $0. Find the national consumption function.

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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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Question Posted: Feb 09, 2018 07:17 AM

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Suppose that the marginal propensity to consume is dC / dy = 0.7 - e-2y and that

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Mathematical Applications for the Management Life and Social Sciences

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