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find-the-consumption-function-when-MPC-is-c-y-0-8-0-1-y-and-that-C-Y-when-Y-100-




Question Number 26633 by jkssm1857@gmail.com last updated on 27/Dec/17
find the consumption function when MPC is c′(y)=0.8+0.1(√(y ))  and that C=Y when Y=100
$$\mathrm{find}\:\mathrm{the}\:\mathrm{consumption}\:\mathrm{function}\:\mathrm{when}\:\mathrm{MPC}\:\mathrm{is}\:\mathrm{c}'\left(\mathrm{y}\right)=\mathrm{0}.\mathrm{8}+\mathrm{0}.\mathrm{1}\sqrt{\mathrm{y}\:} \\ $$$$\mathrm{and}\:\mathrm{that}\:\mathrm{C}=\mathrm{Y}\:\mathrm{when}\:\mathrm{Y}=\mathrm{100} \\ $$

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