
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Suppose that the marginal propensity to consume is dC/dy= 0.4 + (1 / sq. root of 3y + 10)
(in billions of dollars) and that consumption is $9 billion when disposable income is $0. Find the national
consumption function C. Round numbers in your answer to two decimal places when appropriate.
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