SOLUTION: Please help me to solve this problem. If {{{C=7+0.6I-0.25sqrt(I)}}} is a consumption function, find the marginal propensity to consume and the marginal propensity to save when I=16

SOLUTION: Please help me to solve this problem. If {{{C=7+0.6I-0.25sqrt(I)}}} is a consumption function, find the marginal propensity to consume and the marginal propensity to save when I=16

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Question 464072: Please help me to solve this problem. If is a consumption function, find the marginal propensity to consume and the marginal propensity to save when I=16.
Answer by robertb(5830) (Show Source): You can put this solution on YOUR website!
.
When I = 16.
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