Consumption and Savings

Given the following consumption schedule: Consumption Disposable Income P30,000 ? (4) P50,000 Pgo,ooo ? (5) P130,ooo 1. What is the marginal propensity to consume? 2. Write the appropriate consumption function. 3. Based from your answer in number 2, how did you get the amount for the base? 4. Fill out the missing amounts in the table. Show your solutions. 5. Fill out the missing amounts in the table. Show your solutions. 6. When Kurt has no income, he spends P25, ooo. If his income increases to P1oo, ooo, he spends P95, ooo. What is his consumption function