1. Suppose the Consumption function is given as C = 1500 +0.75Yd. Based on the information, please answer the following questions. A. What is Autonomous consumption? B. What is Marginal Propensity to Consume (MPC)? C. Draw the graph of consumption function? D. Calculate Marginal propensity to save (MPS)? E. Drive saving function F. Draw the graph of saving function. G. What will be saving if the disposable income is 10,000 birr?
