In the above table, the average propensity to consume when income is $9,000 is
A. 0.0.
B. 0.9.
C. 0.1.
D. 0.8.
Answer: B
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In the above figure, at a price of $8, a perfectly competitive firm produces ________ and it ________
A) 0; incurs an economic loss B) 0; makes zero economic profit C) some output; makes zero economic profit D) some output; makes an economic profit
Luke purchases a $50,000 face value one-year Treasury bill for $46,296.30, and the next day investors decide they will only buy one-year Treasury bills if they receive an interest rate of 4%
If Luke decides to sell his Treasury bill to another investor the day after he purchased it, he will A) receive a capital gain of $1,780.62. B) receive a capital gain of $2,000.00. C) suffer a capital loss of $1,923.08. D) suffer a capital loss of $1,851.85.
The demand curve for labor of Coca-Cola manufacturers will shift to the right if the
a. wages of Coca-Cola workers decrease b. price of Coca-Cola decreases c. supply curve of Coca-Cola workers shifts to the left d. price of Pepsi decreases e. new technology shifts the MPP of Coca-Cola workers to the right
Which one of the following would cause an increase in the supply of planes?
A. an improvement in the technology used to produce planes B. an increase in the price of planes C. an increase in taxes applied to plane producers D. a decrease in the demand for planes