6. DETAILS TANAPCALCBR10 3.4.022. The quantity below is called the marginal propensity to save. Marginal Propensity to Save Suppose C(x) measures an economy's personal consumption expenditure and x the personal income, both in billions of dollars. Then the following function measures the economy's savings corresponding to an income of x billion dollars. S(x) = x - C(x) (income minus consumption) ds $ dx ds dx dc dx For the following consumption function, find the marginal propensity to save when x = 7. (Round your answer to three decimal places.) C(x) = 0.774x¹.1 +21.2 Submit Answer MY NOTES = 1- ASK YOUR TEACHER billion per billion dollars
6. DETAILS TANAPCALCBR10 3.4.022. The quantity below is called the marginal propensity to save. Marginal Propensity to Save Suppose C(x) measures an economy's personal consumption expenditure and x the personal income, both in billions of dollars. Then the following function measures the economy's savings corresponding to an income of x billion dollars. S(x) = x - C(x) (income minus consumption) ds $ dx ds dx dc dx For the following consumption function, find the marginal propensity to save when x = 7. (Round your answer to three decimal places.) C(x) = 0.774x¹.1 +21.2 Submit Answer MY NOTES = 1- ASK YOUR TEACHER billion per billion dollars
Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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Transcribed Image Text:6.
DETAILS
The quantity
TANAPCALCBR10 3.4.022.
Marginal Propensity to Save Suppose C(x) measures an economy's personal consumption expenditure and x the personal income, both in billions
of dollars. Then the following function measures the economy's savings corresponding to an income of x billion dollars.
S(x) = x-C(x) (income minus consumption)
ds
dx
$
ds
dx
below is called the marginal propensity to save.
dc
dx
For the following consumption function, find the marginal propensity to save when x = 7. (Round your answer to three decimal places.)
C(x) = 0.774x¹.1 +21.2
Submit Answer
MY NOTES
= 1-
ASK YOUR TEACHER
billion per billion dollars
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