Mathematics, 14.04.2020 17:33 soonerlady19
Suppose that the linear equation for consumption in a hypothetical economy is C =40 + .8Y. Also suppose that income (Y) is $400. Determine (a) the marginal propensity to consume, (b) themarginal propensity to save, (c) the level of consumption, (d) the average propensity to consume, (e) the level of saving, and (f) the average propensity to save.
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Suppose that the linear equation for consumption in a hypothetical economy is C =40 + .8Y. Also supp...
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