For all levels of income to the left of the intersection of the 45-degree line and the consumption schedule, the APC is:
A)greater than 100 percent.
B)less than the APS.
C)equal to the MPC.
D)equal to 100 percent.

Question

Quizplus · Accepted Answer

The Answer of For all levels of income to the left of the intersection of the 45-degree line and the consumption schedule, the APC is:
A)greater than 100 percent.
B)less than the APS.
C)equal to the MPC.
D)equal to 100 percent.

For All Levels of Income to the Left of the Intersection