CONSUMPTION FUNCTIONS A certain economy’s consumption function is given by the equation C ( x ) = 0.75 x + 6 where C ( x ) is the personal consumption expenditure in billions of dollars and x is the disposable personal income in billions of dollars. Find C ( 0 ) , C ( 50 ) , and C ( 100 ) .
CONSUMPTION FUNCTIONS A certain economy’s consumption function is given by the equation C ( x ) = 0.75 x + 6 where C ( x ) is the personal consumption expenditure in billions of dollars and x is the disposable personal income in billions of dollars. Find C ( 0 ) , C ( 50 ) , and C ( 100 ) .
CONSUMPTION FUNCTIONS A certain economy’s consumption function is given by the equation
C
(
x
)
=
0.75
x
+
6
where
C
(
x
)
is the personal consumption expenditure in billions of dollars and
x
is the disposable personal income in billions of dollars. Find
C
(
0
)
,
C
(
50
)
, and
C
(
100
)
.
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