Solved

If Consumption Is $5 Billion When Disposable Income Is 0

Question 29

Multiple Choice

If consumption is $5 billion when disposable income is 0, and if the marginal propensity to consume is 0.60, what is consumption when disposable income is 40 billion? If it's necessary, round your answer to one decimal place. ​


A) $200.6 billion
B) $485 billion
C) $29 billion
D) $17 billion
E) $4,000.6 billion

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q24: If consumption C is $1 billion when

Q25: Find du if <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4005/.jpg" alt="Find du

Q26: Because a new employee must learn an

Q27: Evaluate the integral <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4005/.jpg" alt="Evaluate the

Q28: A store finds that its sales decline

Q30: Consider the following function: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4005/.jpg" alt="Consider

Q31: Suppose that the marginal cost for a

Q32: Suppose the rate of change of total

Q33: The DeWitt Company has found that the

Q34: Evaluate the integral <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4005/.jpg" alt="Evaluate the