Ask Question
2 December, 02:04

3. If you consume $1 for every $2 you earn in income, your average propensity to consume

(APC) is

A. 30%

B. 20%

C. 50%

D. 100%

+1
Answers (1)
  1. 2 December, 05:24
    0
    Answer: C

    Explanation: You consume $1 for every $2 you earn. That would be half of what you earn you consume.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “3. If you consume $1 for every $2 you earn in income, your average propensity to consume (APC) is A. 30% B. 20% C. 50% D. 100% ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers