The table given below reports the consumption expenditure of a nation at different levels of disposable income. Table 9.1
Refer to Table 9.1.The income level of $18, 000 coincides with:
A)the origin of the graph.
B)the point where the consumption function touches the vertical axis.
C)the point where the MPC equals 1.00.
D)the point where the APC equals 1.00.
E)the point where the consumption function crosses the 45-degree line.

Question

The table given below reports the consumption expenditure of a nation at different levels of disposable income. Table 9.1
 Refer to Table 9.1.The income level of $18, 000 coincides with:
A)the origin of the graph. 
B)the point where the consumption function touches the vertical axis. 
C)the point where the MPC equals 1.00. 
D)the point where the APC equals 1.00. 
E)the point where the consumption function crosses the 45-degree line.

Quizplus · Accepted Answer

The Answer of The table given below reports the consumption expenditure of a nation at different levels of disposable income. Table 9.1
 Refer to Table 9.1.The income level of $18, 000 coincides with:
A)the origin of the graph. 
B)the point where the consumption function touches the vertical axis. 
C)the point where the MPC equals 1.00. 
D)the point where the APC equals 1.00. 
E)the point where the consumption function crosses the 45-degree line.

The Table Given Below Reports the Consumption Expenditure of a Nation