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  3. Given the consumption function of C=80 + 0.8Y and the following levels of income; #0.00,...

Given the consumption function of C=80 + 0.8Y and the following levels of income; #0.00,...

Given the consumption function of C=80 + 0.8Y and the following levels of income; #0.00, #250, #750, and #1000.
a. Calculate the corresponding levels of consumption expenditure.
b. Present the data in a form of a table.
c. Present the data in a graph with C as the vertical axis and Y as the horizontal axis.
d. Determine the level of saving when income is #500?
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Asked by Teena on 26th July, 2021
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