Suppose a Certain Economy's Consumption Function Is Where

question 277

Multiple Choice

Suppose a certain economy's consumption function is where and x are measured in billions of dollars. Find the marginal propensity to consume (the rate of change of consumption with respect to income, ) when . R ​

• A) $3.7 billion/billion dollars
• B) $1.39 billion/billion dollars
• C) $1.66 billion/billion dollars
• D) $2.2 billion/billion dollars

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