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Q:
A) MPC and APC are equal at the point where the consumption schedule intersects the 45-degree line. | B) MPC is equal to or greater than one at all income levels. |
C) MPC is greater than zero, but less than one. | D) APS is positive at all income levels. |
Answer: C) MPC is greater than zero, but less than one.
Explanation:
Explanation: