Answer
C=110
Work Step by Step
to find the value of C when a = 10, b = .50, and Y = 200, we can plug these values into the equation C=a+bY. The equation is
C=a+bY
Where C is the consumption, a is the consumption at zero income, b is the slope, and Y is the income.
So we can substitute the values of a, b and Y into the equation to get:
C = 10 + .50 * 200
The first part of the equation is a =10 which is the consumption at zero income. The second part is b*Y, where b = 0.5 and Y = 200, so 0.5 * 200 = 100
Now we can add both parts of the equation to get the final result:
C = 10 + 100 = 110
So the value of C when a = 10, b = .50, and Y = 200 is 110
