Economics

posted by Lynne

16.
Helen’s consumption function may be stated as $1,000 + 0.75 × YD.  If her income is $50,000, her consumption will be:
A)
37,500.
B)
$51,000.
C)
$1,000.
D)
$38,500.
E)  none of the above.
My answer is A, i just want to double check if my answer is correct.

  1. nicholas

    1000 + 0.75*50,000 = ...
    Your answer is wrong!
    Use a calculator or a spreadsheet if you can't do it by hand!!!

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