a. Fill in the missing numbers in the table. b. What is the break-even level of income in the table? What is the term that economist use for the saving situation shown at the $240 level income? c. For each of the following items, indicate whether the value in the table is either constant or variable as income changes: the MPS, the APC, the MPC, the APS. Level of Output and Income (GDP=DI) Consumption Savings APC APS MPC MPS $240 $ $-4         $260   $0         $280   $4         $300   $8         $320   $12         $340   $16         $360   $20         $380   $24         $400   $28

ENGR.ECONOMIC ANALYSIS
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a. Fill in the missing numbers in the table.

b. What is the break-even level of income in the table? What is the term that economist use for the saving situation shown at the $240 level income?

c. For each of the following items, indicate whether the value in the table is either constant or variable as income changes: the MPS, the APC, the MPC, the APS.

Level of Output and Income (GDP=DI)

Consumption

Savings

APC

APS

MPC

MPS

$240

$

$-4

 

 

 

 

$260

 

$0

 

 

 

 

$280

 

$4

 

 

 

 

$300

 

$8

 

 

 

 

$320

 

$12

 

 

 

 

$340

 

$16

 

 

 

 

$360

 

$20

 

 

 

 

$380

 

$24

 

 

 

 

$400

 

$28

 

 

 

 

 

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