What is the mpc in bertlandia and what is the mps, Microeconomics

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What is the mpc in bertlandia and what is the mps

Problem

You are given the following data concerning Bertlandia: answer the following questions.Consumption function: C=10000 + .85YInvestment Function: I=10,000AE= C+IAE= Y

i. What is the MPC in Bertlandia, and what is the MPS? Determine equilibrium income.

ii. What is the value of the investment and tax multiplier?

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Microeconomics: What is the mpc in bertlandia and what is the mps

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Microeconomics: What is the mpc in bertlandia and what is the mps

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