Question

If the consumption function of a given individual is given C= 44+0.86Yd and the individual’s disposable income for a specific period was birr 3600, 

Answer 1

If the consumption function of a given individual is given C= 44+0.86Yd and the individual’s disposable income for a specific period was birr 3600, then his consumption is:

$C= 44+0.86×3600 = 3140.$