Which of the Following Represents the Consumption Function When $M P C = 0.4 + \frac { 0.1 } { \sqrt { Y } }$

question 7

Multiple Choice

Which of the following represents the consumption function when
$M P C = 0.4 + \frac { 0.1 } { \sqrt { Y } }$ , and $C = 50$ when $Y = 100$ ?

• A) \(0.4 Y + 0.2 \sqrt { Y } + 8\)
• B) \(0.4 Y + 0.2 \sqrt { Y } + 50\)
• C) \(0.4 Y + 0.05 \sqrt { Y } + 50\)
• D) \(0.4 Y - 0.2 \sqrt { Y } + 50\)
• E) \(0.4 Y - 0.05 \sqrt { Y } + 5\)

Utilize solver software to identify optimal solutions to given problems.

Interpret solver output to make decision recommendations.

Understand the differences between various types of optimization models including mixed-integer, nonlinear, and linear models.

Apply decision variables in optimization modeling correctly.

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