Suppose a certain economys consumption function is as follow

Suppose a certain economy\'s consumption function is as follows, where C(x) and x are measured in billions of dollars.
C(x) = 0.792x^1.1 + 27.5
Find the marginal propensity to consume (dC/dx) when x = 13. (Round your answer to three decimal places

C(x) = 0.792x^1.1 + 27.5 dC/dx = (1.1 x 0.792) x^.1 when x = 13. dC/dx = 1.126

$Suppose a certain economy\'s consumption function is as follows, where C(x) and x are measured in billions of dollars. C(x) = 0.792x^1.1 + 27.5 Find the margina$

Suppose a certain economys consumption function is as follow

Solution

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