Average propensity to consume is defined as -

Related MCQs

• Over short period, when income rises, average propensity to consume usually -
• When average product of an input is at its maximum then :........ note:(AP= Average product) (MP= Marginal product.)
• If the average total cost is Rs.54, total fixed cost is Rs.45000 and quantity produced is 2500 units, find the average variable costs (in Rs.) of the firm -
• As output increases, average fixed cost
• If average cost falls, marginal cost -
• When average cost production (AC) falls, marginal cost of production must be -
• Average Revenue means -
• If the average revenue is a horizontal straight line, marginal revenue will be -
• Average Fixed Cost Curve is -
• If total product is at its maximum then:....... note:(AP= Average product) (MP= Marginal product.)