1.

If Consumption Function is given by : C= 30+0.4Y, then determine: (i) Savings at zero level of income, (ii) MPC, (iii) MPS, (iv) Break-even level of income, (v) Saving Function.

Answer» (i)- 30, (ii) 0.4, (iii) 0.6, (iv) 50, (v)S= -30+0.6Y


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