Question : Which of the following statement are true?

APC can be more than one.

APC+APS =1 always.

Option 1: Both are true.

Option 2: Both are false.

Option 3: Statement 1 is true, statement 2 is false.

Option 4: Statement 1 is false, statement 2 is true.

Question

Question : Which of the following statement are true?

APC can be more than one.
APC+APS =1 always.

Option 1: Both are true.

Option 2: Both are false.

Option 3: Statement 1 is true, statement 2 is false.

Option 4: Statement 1 is false, statement 2 is true.

Team Careers360 · Accepted Answer

Correct Answer: Both are true.

Solution : APC can be more than one. When consumption is greater than income.
APC+APS =1 always. If APC is more than 1, APS will be in negative.
Hence, Option A is correct.

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Question : Which of the following statement are true? APC can be more than one. APC+APS =1 always. Option 1: Both are true. Option 2: Both are false. Option 3: Statement 1 is true, statement 2 is false. Option 4: Statement 1 is false, statement 2 is true.

Related Questions

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Question : Which of the following statement are true? If APC is 1.05 then APC will be -0.05. When consumption function is C=60+0.6Y, savings are -60 at Y=0.

Question : Which of the following statement are true? Slope of consumption curve is indicated by APC. According to Keynesian theory of employment, Ex-ante savings and ex-post savings are always equal.

Question : Which of the following are true? Market price is always more than factor cost. A good can be an intermediate good in one case and a final good in another case.

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Question : Which of the following statement are true?

APC can be more than one.

APC+APS =1 always.

Option 1: Both are true.

Option 2: Both are false.

Option 3: Statement 1 is true, statement 2 is false.

Option 4: Statement 1 is false, statement 2 is true.

Question : Which of the following statement are true?

If APC is 1.05 then APS would be positive.

MPC represents slope of the consumption function.

Question : Which of the following statement are true?

APC is more than 1 before break-even point.

The point at which consumption curve intersect the 45 degree line, APS is zero.

Question : Which of the following statement are true?

If APC is 1.05 then APC will be -0.05.

When consumption function is C=60+0.6Y, savings are -60 at Y=0.

Question : Which of the following statement are true?

Slope of consumption curve is indicated by APC.

According to Keynesian theory of employment, Ex-ante savings and ex-post savings are always equal.

Question : Which of the following are true?

Market price is always more than factor cost.

A good can be an intermediate good in one case and a final good in another case.