ADVANCED ANALYSIS Suppose that the linear equation for consumption in a hypothetical economy is: C = 40 + 0.75Y Also suppose that income (Y) is $400. Determine the following values: Instructions: For parts a, b, d, and f, round your answers to 2 decimal places. For parts c and e, enter your answers as whole numbers.
a. MPC =
b. MPS =
c. Consumption = $
d. APC =
e. Saving = $
f. APS =