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Distinguish between APC and MPC. Rhe …

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Distinguish between APC and MPC. Rhe value of which of these two can be greater rhan one and when?
  • 1 answers

Shraddha P 6 years, 5 months ago

APC is ratio of consumption expenditure and total income ....MPC is ratio of change in consumption expenditure and change in total income.. APC value can be more than 1 ..before break even point
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