Help me 3. The following data are known:Income (Y)Consumption(C)Interestrate ()Invest ment (1)802001001500,02180From the data above:a. Write a consumption function and asaving functionb. Create an investment functionc. Draw a consumption curve

(a) Consumption function has two components that comprises autonomous consumption (consumption when…

3. The following data are known: Income (Y) Comumption(C) Interestrate () Invest ment (1) 200 180 80 | 100 150 0,02 From the data above: a. Write a consumption function and asaving function b. Create an investment function c. Draw a consumption curve.

3. The following data are known: Income (Y) Comumption(C) Interestrate () Invest ment (1) 200 180 80 | 100 150 0,02 From the data above: a. Write a consumption function and asaving function b. Create an investment function c. Draw a consumption curve.

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

Help me

3. The following data are known:
Income (Y)
Consumption(C)
Interestrate ()
Invest ment (1)
80
200
100
150
0,02
180
From the data above:
a. Write a consumption function and asaving function
b. Create an investment function
c. Draw a consumption curve

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