Question 12 Assume the following consumption schedule. C= 20 + 0.9 Y, where C is consumption and Y is disposable income. At $1, 100 level of disposable income: (show your calculations) a. Find out the level of saving and consumption? (. b. How much are the APC and APS (to one decimal place)? ( c. If disposable income increased to $2,800 and saving is $345 now. What are MPC and MPS (to two decinal places)?, For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). Paragraph Arial 10pt E vA v 2 v 岛Q >|-制邮| |x X|深 I 19 田v国 田田 田图图国
Question 12 Assume the following consumption schedule. C= 20 + 0.9 Y, where C is consumption and Y is disposable income. At $1, 100 level of disposable income: (show your calculations) a. Find out the level of saving and consumption? (. b. How much are the APC and APS (to one decimal place)? ( c. If disposable income increased to $2,800 and saving is $345 now. What are MPC and MPS (to two decinal places)?, For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). Paragraph Arial 10pt E vA v 2 v 岛Q >|-制邮| |x X|深 I 19 田v国 田田 田图图国
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question 12
Assume the following consumption schedule: C= 20 + 0.9 Y, where C is consumption and Yis disposable income. At $1,100 level of disposable income: (show your calculations)
a. Find out the level of saving and consumption?
b. How much are the APC and APS (to one decimal place)? (
c. If disposable income increased to $2,800 and saving is $345 now. What are MPC and MPS (to two decimal places)?
For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac).
BIUS
Paragraph
Arial
10pt
A V
血
x² X2
深| T
[区
田田
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Transcribed Image Text:A Moving to another question will save this response.
Question 12
Assume the following consumption schedule: C= 20 + 0.9 Y, where C is consumption and Yis disposable income. At $1,100 level of disposable income: (show your calculations)
a. Find out the level of saving and consumption?
b. How much are the APC and APS (to one decimal place)? (
c. If disposable income increased to $2,800 and saving is $345 now. What are MPC and MPS (to two decimal places)?
For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac).
BIUS
Paragraph
Arial
10pt
A V
血
x² X2
深| T
[区
田田
田E图|言()
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