Question: Suppose the consumption function for a particular country is c(x), where x is national disposable income. Then the marginal propensity to consume is c'(x). Suppose
Suppose the consumption function for a particular country is c(x), where x is national disposable income. Then the marginal propensity to consume is c'(x). Suppose x and c are both measured in billions of dollars and
If consumption is 10 billion dollars when x = 0, find c(x).
c'(x) = 0.9 +0.3x
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