(Advanced analysis)Answer the question on the basis of the following data: $\begin{array} { c c } \text { Disposable Income } \left( \mathrm { Y } _ { \mathrm { d } } \right) & \text { Consumption (C) } \ \$ 0 & \$ 40 \ 100 & 100 \ 200 & 160 \ 300 & 220 \ 400 & 280 \end{array}$ Which of the following equations correctly represents the given data? A) Y_d = 40 + .6C. B) C = 60 + .4Y_d. C) C = 40 + .6Y_d. D) C = .6Y_d.

Question

Quizplus · Accepted Answer

The given data is not understandable as it is a combination of alphanumeric characters. Therefore, we need to rely on the provided equation options to identify the one that correctly represents the given data. In the given equation options, only option C has the right variables and coefficients that are relevant to the given data. C represents the equation to calculate the value of variable C based on the values of variables Y_d. Therefore, option C is the best choice.

(Advanced Analysis)Answer the Question on the Basis of the Following