Suppose a certain economy's consumption function is , where and are measured in billions of dollars. Find the marginal propensity to consume (the rate of change of consumption with respect to income, ) when .
Round the answer to two decimal places, if necessary.
$__________ billion/billion dollars

Question

Suppose a certain economy's consumption function is  , where  and  are measured in billions of dollars. Find the marginal propensity to consume (the rate of change of consumption with respect to income,  ) when  .
Round the answer to two decimal places, if necessary.
$__________ billion/billion dollars

Quizplus · Accepted Answer

The Answer of Suppose a certain economy's consumption function is  , where  and  are measured in billions of dollars. Find the marginal propensity to consume (the rate of change of consumption with respect to income,  ) when  .
Round the answer to two decimal places, if necessary.
$__________ billion/billion dollars

Suppose a Certain Economy's Consumption Function Is , Where