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


c'(x) = 0.9 +0.3xIf consumption is 10 billion dollars when x = 0, find c(x).

c'(x) = 0.9 +0.3x

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