[Steps Shown] Find the marginal propensity to consume and the marginal propensity to save for I = 100 if the consumption function is


Question: Find the marginal propensity to consume and the marginal propensity to save for I = 100 if the consumption function is

C=20I+0.5I30.4II+5C=\frac{20\sqrt{I}+0.5\sqrt{{{I}^{3}}}-0.4I}{\sqrt{I}+5}

Solution:

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