Maximum and Minimum Value of MPS, MPC, APS, APC

1. Marginal Propensity to Save (MPS):
The Marginal Propensity to Save (MPS) represents the proportion of an additional increment of income that individuals choose to save rather than consume. It measures the change in saving resulting from a change in income. MPS can vary between 0 and 1.

- The maximum value of MPS is 1: This would imply that individuals save the entire additional increment of income and do not consume any of it. In this scenario, there is no increase in consumption with an increase in income.
- The minimum value of MPS is 0: This would indicate that individuals do not save any portion of the additional increment of income and consume it entirely. In this case, there is no increase in savings with an increase in income.

2. Marginal Propensity to Consume (MPC):
The Marginal Propensity to Consume (MPC) represents the proportion of an additional increment of income that individuals choose to consume rather than save. It measures the change in consumption resulting from a change in income. MPC can also vary between 0 and 1.

- The maximum value of MPC is 1: This would mean that individuals consume the entire additional increment of income and save none of it. In this scenario, there is no increase in savings with an increase in income.
- The minimum value of MPC is 0: This would imply that individuals do not consume any portion of the additional increment of income and save it entirely. In this case, there is no increase in consumption with an increase in income.

3. Average Propensity to Save (APS):
The Average Propensity to Save (APS) represents the proportion of total income that individuals choose to save rather than consume. It measures the saving behavior of individuals in relation to their total income.

- The maximum value of APS is 1: This would indicate that individuals save their entire income and do not consume any part of it.
- The minimum value of APS is 0: This would suggest that individuals do not save any portion of their income and consume it entirely.

4. Average Propensity to Consume (APC):
The Average Propensity to Consume (APC) represents the proportion of total income that individuals choose to consume rather than save. It measures the consumption behavior of individuals in relation to their total income.

- The maximum value of APC is 1: This would imply that individuals consume their entire income and save none of it.
- The minimum value of APC is 0: This would suggest that individuals do not consume any part of their income and save it entirely.

Conclusion:
The maximum and minimum values of MPS, MPC, APS, and APC depend on individual saving and consumption behavior. While the maximum value represents a scenario where all additional income is either saved or consumed, the minimum value indicates a scenario where no additional income is saved or consumed. The actual values of these propensities can vary between the extremes based on individual preferences, economic conditions, and other factors.

The value of MPS lies between 0 to 1 ................MPC min value 0 ND Max 1..........APC can b more than 1 ND less than 0 ..........APS. can never more than 1 or =1 It's always less thn 1 ND can b negative