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If consumption is $8 billion when disposable income is $0, and if the marginal propensity to consume is 0.50, find the national consumption function C(y) (in billions of dollars). C(y) =

If consumption is $8 billion when disposable income is $0, and if the marginal propensity to consume is 0.50, find the national consumption function C(y) (in billions of dollars). C(y) =

Algebra and Trigonometry (MindTap Course List)
Algebra and Trigonometry (MindTap Course List)
4th Edition
ISBN:9781305071742
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter2: Functions
Section2.4: Average Rate Of Change Of A Function
Problem 4.2E: bThe average rate of change of the linear function f(x)=3x+5 between any two points is ________.
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If consumption is $8 billion when disposable income is $0, and if the marginal propensity to consume is 0.50, find the national consumption function C(y) (in billions of dollars). C(y) =
Transcribed Image Text:If consumption is $8 billion when disposable income is $0, and if the marginal propensity to consume is 0.50, find the national consumption function C(y) (in billions of dollars). C(y) =
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