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nlexa [21]
3 years ago
11

You and a coworker have been trying to develop a linear equation that describes the local household consumption function. Your c

oworker has sent you a very short email that simply says he has finished the project and the consumption function is C = 100 + 0.75(YD). Your job is to explain this result to your supervisor. According to this consumption function, how much consumption spending would occur if a household had disposable income of $1,000?
$850
$350
$750
$4,000
Business
1 answer:
statuscvo [17]3 years ago
5 0

Answer:

$850

Explanation:

C = 100 + 0.75(1000)

=$850

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