Question : APC<1,
Option 1: Before break-even point.
Option 2: At break-even point
Option 3: After break-even point
Option 4: All of the above.
Answer (1)
25th Jan, 2024
Correct Answer: After break-even point
Solution :
When onsumption is less than national income, APC is less then one. It is beyond the break-even point.
Hence, Option C is correct.
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