Can anyone help me out with these questions? Much appreciated.
Orwell Well-Known Member Joined Dec 2, 2015 Messages 830 Gender Male HSC 2017 Jun 1, 2016 #1 Can anyone help me out with these questions? Much appreciated.
Trebla Administrator Administrator Joined Feb 16, 2005 Messages 8,401 Gender Male HSC 2006 Jun 2, 2016 #3 For Q19 note that the break even point is where consumption equals income so substitute C=Y into the consumption function (which is equivalent to finding the intersection of the 45 degree line and the consumption function).
For Q19 note that the break even point is where consumption equals income so substitute C=Y into the consumption function (which is equivalent to finding the intersection of the 45 degree line and the consumption function).
Orwell Well-Known Member Joined Dec 2, 2015 Messages 830 Gender Male HSC 2017 Jun 2, 2016 #4 I sat the exam already. It went okay.