Urgent maths help!!Watch
1) Given the consumption function:
C = 100 + 2√ y
C: total consumption (Billion $)
Y: national income (Trillion $)
What is the value of the marginal propensity to consume when Y = 2.89?
(Round your answer to two decimal places)
2) If fixed costs are 4, variable costs per unit are 1 and the demand function is:
P = 10 - 2Q
What is the profit maximising quantity? (Answer to two decimal places)
These are economics undergraduate questions. You are marked purely on the accuracy of your final answer and so they are weighted the same.
Jargon like "marginal propensity to consume" isn't really our forte, and we can't help if you don't define things like this.