Question: Suppose that the linear equation for consumption in a hypothetical economy is C = 850 +0.2 Y.Also suppose that income (Y) is 890.Determine the following:

Suppose that the linear equation for consumption in a hypothetical economy is

C = 850 +0.2 Y.Also suppose that income (Y) is 890.Determine the following:

(a) MPC=

(b) MPS=

(c) level of consumption=

(d) level of saving=

(e) APC=

(f) APS.=

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