2) Economic Application of Integrals. a) Given the marginal propensity to import M' (Y) = 0.1 and the information that M = 20 when Y = 0, find the import function M(Y) b) Given the marginal propensity to consume C" (Y) = 0.8 + 0.1Y-1/2 and the information that C = Y when Y = 100, find the consumption function C(Y).

2) Economic Application of Integrals. a) Given the marginal propensity to import M' (Y) = 0.1 and the information that M = 20 when Y = 0, find the import function M(Y) b) Given the marginal propensity to consume C" (Y) = 0.8 + 0.1Y-1/2 and the information that C = Y when Y = 100, find the consumption function C(Y).

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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