Calculus for Business: Nation's Consumption
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6) If a nation's consumption function is given by : C(I) = 0.3I + 0.8 √I + 6 where I is national income, measured in billions of dollars
a) Find the nation's marginal propensity to consume
b) Find the nation's marginal propensity to save
c) Evaluate the marginal propensity to save when I = 64
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6) If a nation's consumption function is given by : C(I) = 0.3I + ...
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