Question
| (viii) Employer's contribution in Provident Fund excess of 12% of salary | 12,500 |
| ix) Interest credited to Provident Fund in whole year @ 13% | 16,500 |
| (x) House Rent Allowance of whole year | 29,600 |
Answer :
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To find the consumption function \( C(y) \), we integrate the given marginal propensity to consume (MPC): \[ C'(y) = 0.8 + 0.1 y^{1/2} \] ### Step 1: Integrate \( C'(y) \) \[ C(y) = \int \left(0.8 + 0.1 y^{1/2} \right) dy \] Breaking
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