If Consumption Is $2 Billion When Disposable Income Is 0

question 41

Multiple Choice

If consumption is $2 billion when disposable income is 0, and if the marginal propensity to consume is (in billions of dollars) , find the national consumption function. If it's necessary, round your answer to two decimal places. ​

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Definitions:

Revocation Effective

The point in time when the cancellation or withdrawal of a legal privilege, right, or contract becomes officially valid.

Irrevocable Offer

An offer that cannot be withdrawn or revoked for a certain period once made, holding the offeror to their promise.

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A business service centered on processing coffee beans or other products by applying heat to achieve desired flavors.

Offer Rejected

The refusal to accept a proposal or offer, such as in negotiations, where one party declines the terms proposed by another.