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5 (Advanced Analysis) Suppose that the linear equation for consumption in a hypothetical economy is: C=50 + 0.75Y Also suppose that income (Y) is $500.

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5 (Advanced Analysis) Suppose that the linear equation for consumption in a hypothetical economy is: C=50 + 0.75Y Also suppose that income (Y) is $500. Determine the following values: Instructions: For your answers to parts a, b, d, and f below, enter two decimal places. For parts c and e, enter whole number a. MPC = b. MPS = c. C (consumption) = $ d. APC = e. S (savings) = $ f. APS =

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