Suppose that the marginal propensity to consume is and that consumption is $9.5 billion when disposable income

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Suppose that the marginal propensity to consume is

dC 0.6 – e-0.5y dy

and that consumption is $9.5 billion when disposable income is $0. Find the national consumption function.

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Mathematical Applications For The Management, Life And Social Sciences

ISBN: 9781337625340

12th Edition

Authors: Ronald J. Harshbarger, James J. Reynolds

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Question Posted: Nov 16, 2020 01:47 AM

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Suppose that the marginal propensity to consume is and that consumption is $9.5 billion when disposable income

Question:

dC 0.6 – e-0.5y dy

Step by Step Answer:

dCdy 06 e 05y Cy ...View the full answer

Mathematical Applications For The Management, Life And Social Sciences

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