ADVANCED ANALYSIS Suppose that the linear equation for consumption in a hypothetical economy is: C= 60…

ADVANCED ANALYSIS Suppose that the linear equation for consumption in a hypothetical economy is: C= 60 + 0.7Y Also suppose that income (Y) is $600. Determine the following values: Instructions: For parts a, b, d, and f, round your answers to 2 decimal places. For parts cand e, enter your answers as whole numbers. a. MPC = b. MPS = c. Consumption d. APC = e. Saving = 1. APS =