Suppose C(x) measures an economy's personal consumption expenditure and x the personal income, both in billions of dollars. Then, measures the economy's savings corresponding to an income of x billion dollars. Then . The quantity is called the marginal propensity to save. For the consumption function , where C(x) and x are measured in billions of dollars, find the marginal propensity to save when .
Round the answer to three decimal places, if necessary. $__________ billion/billion dollars

Question

Suppose C(x) measures an economy's personal consumption expenditure and x the personal income, both in billions of dollars. Then,  measures the economy's savings corresponding to an income of x billion dollars. Then  . The quantity  is called the marginal propensity to save. For the consumption function  , where C(x) and x are measured in billions of dollars, find the marginal propensity to save when  .
​Round the answer to three decimal places, if necessary. $__________ billion/billion dollars

Quizplus · Accepted Answer

The Answer of Suppose C(x) measures an economy's personal consumption expenditure and x the personal income, both in billions of dollars. Then,  measures the economy's savings corresponding to an income of x billion dollars. Then  . The quantity  is called the marginal propensity to save. For the consumption function  , where C(x) and x are measured in billions of dollars, find the marginal propensity to save when  .
​Round the answer to three decimal places, if necessary. $__________ billion/billion dollars

Suppose C(x) Measures an Economy's Personal Consumption Expenditure and X