Helen’s consumption function may be stated as $1,000 + 0.75 × YD. If her income is $50,000, her consumption will be:
E) none of the above.
My answer is A, i just want to double check if my answer is correct.
1000 + 0.75*50,000 = ...
Your answer is wrong!
Use a calculator or a spreadsheet if you can't do it by hand!!!posted by nicholas