What is the saving function of the family

Posted on 2014-03-20 12:04:00 in Economics by MILKOWICH

suppose that a given family would spend $2,000 at zero disposable income and as its disposable income increase it spends 80% of it on consumption over and above this amount. Find out the family’s consumption spending when disposable income is $20,000. What is the saving function of the family.

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