If C = 1,500 + 0.75Y and I = 500, then planned saving equals planned investment at aggregate output level of
A. 2,666.67.
B. 8,000.
C. 10,000.
D. 20,000.
Answer: B
You might also like to view...
The tournament pay explanation is useful in an attempt to explain why
a. very few people actually earn the minimum wage. b. political entrepreneurs can generate campaign contributions from businesses outside of their districts. c. people with only a high school education earn less than those with college degrees. d. some corporate executives earn amounts higher than their marginal revenue product.
WTO rules allow subsides
A) when there are external economies. B) of "precompetitive" activities such as research. C) when there are internal economies. D) when there are positive externalities in production.
Refer to the graph shown for a small country that is a price taker internationally.
Assume the foreign supply of this product is perfectly elastic at a price of $4 per unit. Starting from a free trade equilibrium, an import quota of 2,500 would cause domestic production to:
A. increase from 6,100 to 7,400. B. decrease from 4,800 to 3,600. C. increase from 2,400 to 3,600. D. decrease from 7,400 to 6,100.
Refer to the data. If the firm's minimum average variable cost is $10, the firm's profit- maximizing level of output would be:
A. 2.
B. 3.
C. 4.
D. 5.