(Advanced
Analysis)
Suppose that the linear equation
for consumption in a hypothetical economy is:

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Question: (Advanced Analysis) Suppose that the linear equation for consumption in a hypothetical economy is…
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C = 40 + 0.8Y

Also suppose that income (Y) is $400. Determine the values for the
following: MPC, MPS, C(consumption), APC,S(savings), APS

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