Table 9.1 Disposable IncomeTotal Consumption(Billions of dollars per year)(Billions of dollars per year)$0$50200210What is the marginal propensity to consume in Table 9.1?

A. 0.15.
B. 0.90.
C. 0.80.
D. 0.85.


Answer: C

Economics

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Consider two individuals, Jesse and April, who hand paint kites and snowboards. Table 3.1 shows how much of each good Jesse and April can paint in one hour. April's opportunity cost of painting one kite is painting

A) 1/12 of a snowboard. B) 1/4 of a snowboard. C) 3 snowboards. D) 4 snowboards.

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If the cross-price elasticity of demand for goods A and B is zero, this means the two goods are unrelated

Indicate whether the statement is true or false

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The marginal product curve rises when the marginal cost curve rises

a. True b. False Indicate whether the statement is true or false

Economics