Stressing Susan
New member
I've worked my brain for hours trying to figure this out! Any economic gurus please help! I cannot figure out how to get the consumption figure!
Assume that your personal consumption function can be described by the equation C = a + .9 Y
a) What is your break even level of income?
b) What is your autonomous consumption?
c) If your disposable income were $100,000, how much would you save?
Assume that your personal consumption function can be described by the equation C = a + .9 Y
a) What is your break even level of income?
b) What is your autonomous consumption?
c) If your disposable income were $100,000, how much would you save?