Question: 10. Given a saving function: S = -75 + 0.25Y a) Derive consumption expenditure function b) Find APC and APS when national income = 2,000

10. Given a saving function: S = -75 + 0.25Y a)

10. Given a saving function: S = -75 + 0.25Y a) Derive consumption expenditure function b) Find APC and APS when national income = 2,000 c) Find break-even income such that Y = C d) Graphically illustrate consumption expenditure and saving equatic

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