The consumption function of the U.S. economy from 1929 to 1941 is
, where
is the personal consumption expenditure and x is the personal income, both measured in billions of dollars. Find the rate of change of consumption with respect to income,
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?
A.
B.
C.
D.
E.
Answer: D
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What will be an ideal response?
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A.
B.
C.
D. All real numbers
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A. 8733% B. 1.2% C. 11.5% D. 873.3%