If disposable income increases from $912 to $927 billion and MPC = 0.6, then consumption will increase by:
A. $6 billion
B. $9 billion
C. $54 billion
D. $56 billion
B. $9 billion
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According to the new growth theory, economic growth will continue with
A) an increased focus on labor-intensive jobs. B) increases in population growth. C) the development of new ideas. D) increases in interest rates.
A monopolist will hire workers up to the point at which the wage equals the marginal:
A. physical product of labor. B. cost of labor. C. physical product of labor times the price of output. D. physical product of labor times marginal revenue.
Refer to the table shown that depicts a third-party payer market. What is the quantity demanded if a $1 co-pay is established?PriceQuantity DemandedQuantity Supplied$01,2000$1600150$2300300$30450$40600$50750$60900$701,050
A. 300 B. 0 C. 900 D. 600
If a firm buys a new computer system that costs $12,000 a year it can reduce the firm's cost by $900 a year. The firm should borrow funds and purchase this machine if it can negotiate an annual interest rate on the loan between:
A. 6 and 7 percent B. 8 and 9 percent C. 10 and 12 percent D. 13 and 14 percent