Answer: There is change of $0.9 billion in government expenditures.
Step-by-step explanation:
Since we know that
Marginal propensity to consume tells that the rate at which there is change in consumption due to change in income.
According to our situation, MPC is the change in amount of gross domestic product due to change in government expenditure.
So, it becomes,
Hence, there is change of $0.9 billion in government expenditures.
Step-by-step explanation:
The slope of tangent line at a max or a minimum is 0,.
So using point slope formula.
Is the equation of a tangent line. This means we have a horizontal line at y= 4. Horizontal lines have a slope of 0.
Answer:
<u>Answer</u><u> </u><u>→</u><u> </u><u>y</u><u> </u><u>=</u><u> </u><u>-</u><u>7</u><u>x</u><u> </u><u>+</u><u> </u><u>1</u><u>2</u>
Step-by-step explanation:
General equation of a line:
From the question;
m is -7
c is 12