ECON MACRO (with ECON MACRO Online, 1 term (6 months) Printed Access Card) (New, Engaging Titles from 4LTR Press)
5th Edition
ISBN: 9781305659094
Author: William A. McEachern
Publisher: Cengage Learning
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Question
Chapter 9, Problem 2.4P
Sub-Part
A
To determine
Effect of increase in Net taxes on the consumption function.
B
To determine
Effect of increase in interest rates on the consumption function.
C
To determine
Effect of increase in Consumer optimism, or confidence on the consumption function.
D
To determine
Effect of increase in the price level on the consumption function.
E
To determine
Effect of increase in consumer’s net wealth on the consumption function.
F
To determine
Effect of increase in Disposable income on the consumption function.
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subject to X1
X2
Maximize dollars of interest earned = 0.07X1+0.11X2+0.19X3+0.15X4
≤ 1,000,000
<2,500,000
X3
≤ 1,500,000
X4
≤ 1,800,000
X3 +
XA
≥
0.55 (X1+X2+X3+X4)
X1
≥
0.15 (X1+X2+X3+X4)
X1
+ X2 X3 +
XA
<
5,000,000
X1, X2, X3, X4 ≥
0
not use ai
Chapter 9 Solutions
ECON MACRO (with ECON MACRO Online, 1 term (6 months) Printed Access Card) (New, Engaging Titles from 4LTR Press)
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