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The break-even point for an economy …

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The break-even point for an economy occurs at the income level of Rs.500 crores and MPC is 0.6,determine: (i)Autonomous consumption; (ii)Saving function; (iii)Level of income when saving is Rs.600 crores.
  • 1 answers

Miss Mor 6 years, 3 months ago

Autonomous cons.=rs. 200 Savings fn= -200+0.4Y Level of income=rs.2000
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