Given a consumption function where C= 3400 + .7DI, what is the value of consumption when disposable income...?

Given a consumption function where C= 3400 + .7DI, what is the value of consumption when disposable income is $50,000?

Anonymous2013-09-24T19:29:23Z

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C=3400+ .7(50,000)=$38,400.

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