Based on the information presented below, what is the equation representing the consumption for this economy? GDP (Y) Saving (S) 100 -20 20 200 Select one: a. C= 60+ 0.6Y b. C = 60+ 0.4Y c. C 40 +0.75Y d. C= -60+ 0.8Y e. None of the above cross out cross out cross out cross out cross out

Q: What are the excel formulas used

A: From equation 1 The short-run production function is q=-0.6L3+18L2+10L Cost function: C(L)=100L+800…

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A: Please send the question. so I can answer your question more precisely and correctly.If you are…