Refer to the table below. LO1 a. Fill in the missing numbers in the table. b. What

Question:

Refer to the table below. LO1

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 economists use for the saving situation shown at the $240 level of 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.

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