Y S I 0 200 -200 200 500 400 100 500 600-100 200 500 400 150 1,000 1,000 0 200 500 400 200 1,500 1,400 100 200 500 400 250 2,000 1,800 200 200 500 400 300 2,500 2,200 300 200 500 400 350 3,000 2,600 400 200 500 400 400 3,500 3,000 500 200 500 400 450 4,000 3,400 600 200 500 400 500 Referring to the data above, what is the equation for the consumption function? C a) C = 200Y G X IM XN AE
Y S I 0 200 -200 200 500 400 100 500 600-100 200 500 400 150 1,000 1,000 0 200 500 400 200 1,500 1,400 100 200 500 400 250 2,000 1,800 200 200 500 400 300 2,500 2,200 300 200 500 400 350 3,000 2,600 400 200 500 400 400 3,500 3,000 500 200 500 400 450 4,000 3,400 600 200 500 400 500 Referring to the data above, what is the equation for the consumption function? C a) C = 200Y G X IM XN AE
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:Referring to the data above, what is the equation for the consumption function?
a) C = 200Y
b) C = 200 + Y
c) C = 200+ 0.8Y
d) c = 0.8Y.
e) C = 200+ 0.6Y
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Transcribed Image Text:Y
S
I
G
200 -200 200 500 400 100
C
a) C = 200Y
X
Search
8
IM XN
0
500
600 -100 200 500 400 150
1,000 1,000 0 200 500 400 200
1,500 1,400 100 200
500 400 250
2,000 1,800 200 200 500 400 300
2,500 2,200 300 200 500 400 350
3,000 2,600 400 200 500 400 400
3,500 3,000 500 200 500 400 450
4,000 3,400 600 200 500 400 500
Referring to the data above, what is the equation for the consumption function?
AE
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