emath654 emath654

12-02-2024
Business

contestada

Suppose that the linear equation for consumption in a hypothetical economy is:

C = 50 + 0.7 Y

Also suppose that income (Y) is $500.
Determine the following values:

a. MPC.
b. MPS.
c. Consumption.
d. APC.
e. Saving.
f. APS.

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