Question

9. The consumption curve makes an intercept of 60 crores on the Y-axis. If MPC:MPS can be expressed
as 1:3, then derive the saving and consumption function. Also determine the level of income, when
saving becomes zero?
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Answer 1

Answer:

Explanation:The consumption curve makes an intercept of 60 crores on the Y-axis. If MPC:MPS can be expressed

as 1:3, then derive the saving and consumption function. Also determine the level of income, when

saving becomes zero?