Suppose That the Linear Equation for Consumption in a Hypothetical

question 11

Essay

Suppose that the linear equation for consumption in a hypothetical economy is C = 50 + 0.9 Y.Also suppose that income (Y) is $400.Determine the following: (a) MPC; (b) MPS; (c) level of consumption; (d) APC; (e) APS.

---

Definitions:

Narcissists

Individuals who exhibit a pervasive pattern of grandiosity, a need for admiration, and a lack of empathy for others.

Beautiful

A term used to describe something or someone that is aesthetically pleasing or possesses qualities that give great pleasure to the senses or the mind.

Successful

Achieving desired goals and outcomes, or attaining recognition, profit, or the accomplishment of an aim or purpose.

Smarter

Showing a higher level of intelligence or ability to learn and understand things quickly and easily.