Question: Consider the following table, then answer the questions below it: Annual Consumption ($) Annual Income ($) 5 0 80 100 155 200 1. What is

Consider the following table, then answer the questions below it: Annual Consumption ($) Annual Income ($) 5 0 80 100 155 200 1. What is the APC at annual income level $100? At $200? 2. What happens to the APC as annual income rises? 3. What is the MPC as annual income goes from $0 to $100? From $100 to $200? 4. What happens to the MPC as income rises? 5. What number is the APC approaching? 6. What is the equation for the consumption function in this table? 7. Of what significance is a positive y-intercept in this equation

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