Select the Correct Answer for Each Question

question 128

Multiple Choice

Select the correct Answer for each question.
-Find the limit if it exists.

• A)1
• B)3
• C)2
• D)Does not exist

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Definitions:

APC

Average Propensity to Consume; the ratio of total consumption to total disposable income.

45-Degree Line

A graphical representation in economics, typically used in Keynesian cross diagrams, showing points where aggregate expenditure equals total output or income.

C Line

A reference in economic models, often representing the consumption function, which shows the relationship between consumption and disposable income.

Disposable Income

The financial scope households possess for spending and saving activities, following income taxes.