Solved: Assume that the level of autonomous consumption in mudville, Business Management

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Assume that the level of autonomous consumption in mudville

Assume that the level of autonomous consumption in Mudville is $400. If the marginal propensity to consume is 0.9, what is the consumption function? The saving function? Give an equation for each and show each graphically. At what level of income is saving = 0?

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Business Management: Assume that the level of autonomous consumption in mudville

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