Suppose the consumption function for a particular country is c(x), where x is national disposable income. Then the marginal propensity to consume is c'(x). Suppose x and c are both measured in billions of dollars and c'(x) = 0.9 +0.3√x. If consumption is 10 billion dollars when x=0, find c(x). Sketch c(x).

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Author:Jay Abramson
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Chapter3: Functions
Section3.2: Domain And Range
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Suppose the consumption function for a particular country is c(x), where x is national
disposable income. Then the marginal propensity to consume is c'(x). Suppose x and c
are both measured in billions of dollars and
c'(x) = 0.9 +0.3√x.
If consumption is 10 billion dollars when x=0, find c(x). Sketch c(x).
Transcribed Image Text:Suppose the consumption function for a particular country is c(x), where x is national disposable income. Then the marginal propensity to consume is c'(x). Suppose x and c are both measured in billions of dollars and c'(x) = 0.9 +0.3√x. If consumption is 10 billion dollars when x=0, find c(x). Sketch c(x).
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