Microeconomics: Principles, Problems, & Policies, 20th Edition

Published by McGraw-Hill Education
ISBN 10: 0077660811
ISBN 13: 978-0-07766-081-9

Chapter 1 - Limits, Alternatives, and Choices - Appendix - Problems - Page 29: 6

Answer

(a) Positively related (b) Slope Upward (c)Directly related (d)C=110 (e) Y=360

Work Step by Step

(a) C and Y are positively related to each other (b) Slope upward (c) Directly Related (d)$ C= 10 + 0.5 \times 200$ C= 110 (e) We find: $100= 10 + 0.25 \times Y$ 0.25Y=90 Y=360
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