Economics:
Economics:
10th Edition
ISBN: 9781285859460
Author: BOYES, William
Publisher: Cengage Learning
Question
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Chapter 9, Problem 9E
To determine

(a)

To write:

Disposable income is $500, and consumption is $450. The value of savings.

To determine

(b)

To write:

Disposable income is $1,200 and APS is 0.9. The value of savings.

To determine

(c)

To write:

MPC = 0.9, disposable income rises from $800 to $900. Saving was originally at $120 when income was $800. The value of savings now.

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not use ai please
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
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