Question: 1. Given the consumption function C = a + 191' (with a > 0; 0 0 1. a) b) Given the consumption function C =

1. Given the consumption function C = a + 191' (with a > 0; 0 0
1. a) b) Given the consumption function C = a + bY (with a > O; 0 < b < 1): Find its marginal function and its average function. Find the income elasticity of consumption scy , and determine its sign, assuming
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