8 (Advanced Analysis) Suppose that the linear equation for consumption in a hypothetical economy is: C=60 + 0.7Y Also suppose that income ()) is $600. Determine the following values: 8 02:31:31 Instructions: For your answers to parts a, b, d, and f below, enter two decimal places. For parts c and e, enter whole numbers. Skipped a. MPC = b. MPS = c. C (consumption) = $ d. APC = e. S (savings) = $ f. APS =Suppose a handbill publisher can buy a new duplicating machine for $500 and the duplicator has a 1year life. The machine is expected to contribute $545 to the year's net revenue. Instructions: Round your answer to the nearest whole number. a. What is the expected rate of return? 9 percent. b. If the real interest rate at which funds can be borrowed to purchase the machine is 8 percent, will the publisher choose to invest in the machine? : Will it invest in the machine ifthe real interest rate is 10 percent? No v . If it is 11 percent? No v