Economics

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

posted by nicholas

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