Question: Use the consumption function data below to answer the following questions: a. Calculate the saving schedule. b. Determine the marginal propensities to consume (MPC) and

Use the consumption function data below to answer the following questions:

a. Calculate the saving schedule.

b. Determine the marginal propensities to consume (MPC) and save (MPS).

c. Determine the break-even income.

d. What is the relationship between the MPC and the MPS?

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