Swaziland's Consumption Function (C (I)) is determined to be: a + 10v73 10 +1 C(1)
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Transcribed Image Text:Swaziland's Consumption Function (C (1)) is determined to be:
a + 10v13
C(1) = -
10 + I
where C and I are in billions. Determine the Marginal Propensity to Consume and
Save at an income of R 100 billion when a = 15.
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