Suppose that the least amount of goods and services that Roberto will consume in a year is $40,000.Roberto tends to save $0.30 of every dollar of disposable income that he makes. Use the given line to graph Roberto's consumption function for disposable income levels between $0 and $200,000. Move each endpoint to the appropriate spot on the graph.

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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Suppose that the least amount of goods and services that Roberto will consume in a year is $40,000.Roberto tends to save $0.30 of every dollar of disposable income that he makes. Use the given line to graph Roberto's consumption function for disposable income levels between $0 and $200,000. Move each endpoint to the appropriate spot on the graph.

 

200
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40
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Yearly disposable income (in thousands of dollars)
Yearly consumption (in thousands of dollars)
Transcribed Image Text:200 180 160 140 120 100 80 60 40 20 20 40 60 80 100 120 140 160 180 200 Yearly disposable income (in thousands of dollars) Yearly consumption (in thousands of dollars)
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