If consumption is $9 billion when disposable income is $0, and if the marginal propensity to save isds= 0.3 + edyе-1.5у(in billions of dollars)find the national consumption function.C(y)%D

According to the question given that the the level of autonomous consumption $9 billion and marginal…

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If consumption is $9 billion when disposable income is $0, and if the marginal propensity to save is dS = 0.3 + e-1.5y dy (in billions of dollars) find the national 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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Question

If consumption is $9 billion when disposable income is $0, and if the marginal propensity to save is
ds
= 0.3 + e
dy
е-1.5у
(in billions of dollars)
find the national consumption function.
C(y)
%D

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