Question: ADVANCED ANALYSIS Suppose that the linear equation for consumption in a hypothetical economy is C=60+0.8Y Also suppose that income (h) is $600. Determine the following

ADVANCED ANALYSIS Suppose that the linear equation for consumption in a hypothetical economy is C=60+0.8Y Also suppose that income (h) is $600. Determine the following values: Instructions: For parts a,b,d, and f, round your answers to 2 decimal places if necessary, For parts c and e, enter your answers as a whole number. a. MPC= b. MPS= c. Level of consumption =$ d. APC= e. Level of saving =$ f. APS =

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