Question
Suppose that the marginal propensity to save is dS/dy=0.2-0.1e^-2y and the consumption is 7.8 trillion when disposable income is $0. Find the national consumption function:
Suppose that the marginal propensity to save is dS/dy=0.2-0.1e^-2y and the consumption is 7.8 trillion when disposable income is $0. Find the national consumption function: C(y)=?
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We have the following information MPS dSdy02 Consumption 78 Disposable inc 0 National consumptio...
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Mathematical Applications for the Management Life and Social Sciences
Authors: Ronald J. Harshbarger, James J. Reynolds
11th edition
9781337032247, 9781305465183, 1305108043, 1337032247, 1305465180, 978-1305108042
