Asked by Rob
A certain economy's consumption function is given by the equation
C(x)=0.75x+5
where C(x) is the personal consumption expenditure in billions of dollars and x is the disposable personal income in billions of dollars. Find C(0), C(50), and C(100).
a. C(0)=42.5, C(50)=5, C(100)=80
b. C(0)=42.5, C(50)=80, C(100)=5
c. C(0)=5, C(50)=80, C(100)=80
d. C(0)=5, C(50)=42.5, C(100)=80
e. C(0)=80, C(50)=42.5, C(100)=5
This is so confusing.
Thanks for your help.
C(x)=0.75x+5
where C(x) is the personal consumption expenditure in billions of dollars and x is the disposable personal income in billions of dollars. Find C(0), C(50), and C(100).
a. C(0)=42.5, C(50)=5, C(100)=80
b. C(0)=42.5, C(50)=80, C(100)=5
c. C(0)=5, C(50)=80, C(100)=80
d. C(0)=5, C(50)=42.5, C(100)=80
e. C(0)=80, C(50)=42.5, C(100)=5
This is so confusing.
Thanks for your help.
Answers
There are no AI answers yet. The ability to request AI answers is coming soon!
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.