If consumption is $1 billion when disposable income is 0, and if the marginal propensity to consume is 0.50, what is consumption when disposable income is 50 billion? If it's necessary, round your answer to one decimal place.
A)$50.5 billion
B)$626 billion
C)$26 billion
D)$13.5 billion
E)$1,250.5 billion

Question

If consumption is $1 billion when disposable income is 0, and if the marginal propensity to consume is 0.50, what is consumption when disposable income is 50 billion? If it's necessary, round your answer to one decimal place. ​
A)$50.5 billion
B)$626 billion
C)$26 billion
D)$13.5 billion
E)$1,250.5 billion

Quizplus · Accepted Answer

The Answer of If consumption is $1 billion when disposable income is 0, and if the marginal propensity to consume is 0.50, what is consumption when disposable income is 50 billion? If it's necessary, round your answer to one decimal place. ​
A)$50.5 billion
B)$626 billion
C)$26 billion
D)$13.5 billion
E)$1,250.5 billion

If Consumption Is $1 Billion When Disposable Income Is 0