The marginal propensity to consume is given by where Y is national income. If consumption is 20 when MPC=0.5+ 2/√Y , find the consumption when Y=16
A. 36
B. 34
C. 44
D. 28
E. 24

Question

04-07-2024
Business

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The marginal propensity to consume is given by where Y is national income. If consumption is 20 when MPC=0.5+ 2/√Y , find the consumption when Y=16
A. 36
B. 34
C. 44
D. 28
E. 24

Sagot :

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