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 : 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.

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?

1. If APC is 1.05 then APC will be -0.05.
2. When consumption function is C=60+0.6Y, savings are -60 at Y=0.

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?

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.

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 are true?

1. Market price is always more than factor cost.
2. A good can be an intermediate good in one case and a final good in another case.

Option 1: Both are true.
 

Option 2: Both are false.
 

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

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