Answered: Given the consumption function C = $758…

Given the consumption function C = $758 + 0.75 x Y, an increase in disposable income from $7,640 to $9,080 will cause consumption to increase by: %3D O $360 O $800 O $1,080 $1,440 O $7,568

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Given the consumption function C = $758 + 0.75 x Y, an increase in disposable income from
$7,640 to $9,080 will cause consumption to increase by:
O $360
O $800
O $1,080
$1,440
O $7,568

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