A.if all 110 million households spent the same additional dollars on appliances, electronics, and furniture as the sample 30,000
rebate receiving households did so, how much did the aggregate consumption increase?
B. If the MPC was 0.9, how much would the cumulative spending increase as a result?
B. If the MPC was 0.9, how much would the cumulative spending increase as a result?
1 answer:
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To solve this problem you must apply the proccedure shown below:
1. You have to find the radius <span>of convergence of the following Maclaurin series:
</span>
2. Let's take the denominator and find the roots:
3. The roots are
and the distance from the origin is 
.
Therefore, the answer is:
1. You have to find the radius <span>of convergence of the following Maclaurin series:
</span>
2. Let's take the denominator and find the roots:
3. The roots are
Therefore, the answer is: