Suppose a certain economy's consumption function is , where C(x) and x 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 C(x) and x 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

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The Answer of Suppose a certain economy's consumption function is  , where C(x) and x 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