1.

The consumption and saving schedules reveal that the:

A. MPC and APC are equal at the point where the consumption schedule intersects the 45-degree line.
B. MPC is equal to or greater than one at all income levels.
C. MPC is greater than zero, but less than one.
D. APS is positive at all income levels.
Answer» D. APS is positive at all income levels.


Discussion

No Comment Found