Suppose that the marginal propensity to consume is dC dy = 0.9 − e−2y (in trillions of dollars) and that consumption is $5.3 trillion when disposable income is $0. Find the national consumption function. C(y) =
Suppose that the marginal propensity to consume is dC dy = 0.9 − e−2y (in trillions of dollars) and that consumption is $5.3 trillion when disposable income is $0. Find the national consumption function. C(y) =
Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter3: The Derivative
Section3.EA: Extended Application A Model For Drugs Administered Intravenously
Problem 3EA
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Suppose that the marginal propensity to consume is dC dy = 0.9 − e−2y (in trillions of dollars) and that consumption is $5.3 trillion when disposable income is $0. Find the national consumption function. C(y) =
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