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Suppose the different income levels are as follows.usi c=120+0.65y and y =100,120,125,140,80,115,145,150,166,200.calculate the corresponding consumption levels using the relationship specified

Respuesta :

meerkat18
All you have to do is substitute the y values to the equation to solve the corresponding c values which stands for the consumption levels. To illustrate the solution, 

when y = 100,
C = 120+0.65(100)
C = 185

when y = 120,
C = 120+0.65(120)
C = 198

when y = 125,
C = 120+0.65(100)
C = 201.25

And so on and so forth. The answers would be:

     y             C
   100         185
   120         198
   125       201.25
   140         211
    80          172
   115       194.75
   145       214.25
   150        217.5
   166        227.9
   200         250

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