Answered: Suppose that a simple economy has the…

Suppose that a simple economy has the following parameters. C = 100 + 0.8Y | = 100 a. Complete the following table. AE 100 200 300 400 500 600 700 800 900 1,000

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Good afternoon ,

please help solve the following table with showing how you calculated thank you .

Suppose that a simple economy has the following parameters.
C= 100 + 0.8Y
|= 100
a. Complete the following table.
Y
I
AE
100
200
300
400
500
600
700
800
900
1,000

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