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.
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.
Question : APC=1,
Question : APC>1
Question : Which of the following statement are true?
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 : Consumer equilibrium is the point at which_________
Option 1: MU < Price
Option 2: MU = Price
Option 3: MU > Price
Option 4: None of the above
Question : If $5 \sin^2 A+3 \cos^2 A=4$, $0<A<90°$, then what is the value of $\tan A$?
Option 1: 0
Option 2: 3
Option 3: 1
Option 4: 2
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