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inal Propensity to Consume Suppose a certain economy's consumption function is as follows, where C(x) and x are measured in billions of C(x) = 0.845x¹.1 + 11.85 dc when x = 8. (Round your answer to three decimal places.) dx he marginal propensity to consume billion per billion dollars

inal Propensity to Consume Suppose a certain economy's consumption function is as follows, where C(x) and x are measured in billions of C(x) = 0.845x¹.1 + 11.85 dc when x = 8. (Round your answer to three decimal places.) dx he marginal propensity to consume billion per billion dollars

Calculus For The Life Sciences
Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
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Marginal Propensity to Consume Suppose a certain economy's consumption function is as follows, where C(x) and x are measured in billions of dollars. = 0.845x¹1+11.85 C(x) $ Find the marginal propensity to consume billion per billion dollars dc when x = 8. (Round your answer to three decimal places.) dx
Transcribed Image Text:Marginal Propensity to Consume Suppose a certain economy's consumption function is as follows, where C(x) and x are measured in billions of dollars. = 0.845x¹1+11.85 C(x) $ Find the marginal propensity to consume billion per billion dollars dc when x = 8. (Round your answer to three decimal places.) dx
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