Question
Solution pls. Assuming that Y or Yd = P1250 and C = P1000, compute for APC & APS and interpret each. Disposable income increased by
Solution pls.
Assuming that Y or Yd = P1250 and C = P1000, compute for APC & APS and interpret each. Disposable income increased by P525 which caused consumption spending to increase by P330, compute the MPC & MPS, and the new levels of APC & APS after the income change.Interpret the MPC & MPS.
Given the values of Sa = -5000 and mpc or c = 0.8.Formulate the consumption function & interpret the funtion. Formulate the savings function & interpret the function.
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Microeconomics
Authors: Robert S. Pindyck, Daniel L. Rubinfeld
7th edition
8131725995, 8131725993, 978-8131725993
