Ask Question
22 May, 00:05

Given that c=$500 + 0.8yd, if the level of disposable income is $1,000, the level of saving is a) $300. b) - $300 c) $500 d) - $1,300

+3
Answers (1)
  1. 22 May, 00:17
    0
    If we are given with the level of saving as a function of level of disposable income:

    c = 500 + 0.8 d

    where d is the disposable income and it is equal to 1000. Solving for c:

    c = 500 + 0.8 (1000)

    c = $1300
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Given that c=$500 + 0.8yd, if the level of disposable income is $1,000, the level of saving is a) $300. b) - $300 c) $500 d) - $1,300 ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers