Question : Which of the following statement are true?

1. When consumption function is C=50+0.6Y, consumption is 140 when Y= 150.
2. When Saving function is S= -50+0.4Y, savings is 10 when Y= 150.

Question : Which of the following statement are true?

1. If APC is 1.05 then APS would be positive.
2. MPC represents slope of the consumption function.

Question : Which of the following statement are true?

1. When consumption function is C=40+0.8Y, savings will be equal to -40 at zero level of income.
2. As per above consumption function, MPS= 0.2 

Question : Which of the following statement are true?

1. Slope of consumption curve is indicated by APC.
2. According to Keynesian theory of employment, Ex-ante savings and ex-post savings are always equal.

Question : Which of the following statement are true?

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