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.

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.

Question : Which of the following statement are true?

1. APC is more than 1 before break-even point.
2. The point at which consumption curve intersect the 45 degree line, APS is zero.

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 : APC+APS=
 

Option 1: 1
 

Option 2: 0
 

Option 3: 0.5
 

Option 4: 2
 

Question : If income is Rs.2000 and consumption is Rs. 1800. Calculate APC.
 

Option 1: 0.9
 

Option 2: 0.8
 

Option 3: 0.7
 

Option 4: None of the above.