Question: If the consumption function is : C = 0.04Y 2 + 0.1Y + 25. Find: 1)Expressions for savings function (S), MPS and MPC. 2)Find the

If the consumption function is :

C = 0.04Y2+ 0.1Y + 25.

Find:

1)Expressions for savings function (S), MPS and MPC.

2)Find the value of Y when MPS is 0.34.

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