The consumption function of the U.S.economy from 1929 to 1941 is , where is the personal consumption expenditure and is the personal income, both measured in billions of dollars.Find the rate of change of consumption with respect to income, .This quantity is called the marginal propensity to consume.
Round the answer to three decimal places, if necessary. __________

Question

The consumption function of the U.S.economy from 1929 to 1941 is  , where  is the personal consumption expenditure and  is the personal income, both measured in billions of dollars.Find the rate of change of consumption with respect to income,  .This quantity is called the marginal propensity to consume.
Round the answer to three decimal places, if necessary.  __________

Quizplus · Accepted Answer

The Answer of The consumption function of the U.S.economy from 1929 to 1941 is  , where  is the personal consumption expenditure and  is the personal income, both measured in billions of dollars.Find the rate of change of consumption with respect to income,  .This quantity is called the marginal propensity to consume.
Round the answer to three decimal places, if necessary.  __________

The Consumption Function of the U