If consumption C is $1 billion when disposable income y is 0, and if the marginal propensity to consume is 0.60, find the national consumption function C as a function of y (in billions of dollars). Round your answer to two decimal places.

Question

If consumption C is $1 billion when disposable income y is 0, and if the marginal propensity to consume is 0.60, find the national consumption function C as a function of y (in billions of dollars). Round your answer to two decimal places. ​

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The Answer of If consumption C is $1 billion when disposable income y is 0, and if the marginal propensity to consume is 0.60, find the national consumption function C as a function of y (in billions of dollars). Round your answer to two decimal places. ​

If Consumption C Is $1 Billion When Disposable Income Y