The change in disposable income is $200 and the change in saving is $50.What is the marginal propensity to consume (MPC)?
A) 0.25
B) 0.50
C) 0.66
D) 0.75
E) There is not enough information to answer the question.
D
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You're buying snacks for an Econ Club meeting. You've been given $100 to spend on chips and soda. If bags of chips cost $3 each and Soda costs $1 each, how much of each can you buy?
A. 40 bags of chips and 10 sodas B. 10 bags of chips and 75 sodas C. 25 bags of chips and 25 sodas D. 30 bags of chips and 15 sodas
Solutions to structural stagnation require difficult supply-side structural changes to accompany any demand-side stimulus if they are to be successful in reducing unemployment significantly.
Answer the following statement true (T) or false (F)
[Appendix material: calculus required] Given the benefit function B(Y) = 400Y ? 2Y2, the marginal benefit is:
A. 400 ? 2Y2. B. 800 ? 2Y. C. 400 ? 4Y. D. 200Y.
The market for used cars is not considered perfectly competitive because:
A. there is complete information. B. the good is standardized. C. there are always very low transaction costs. D. the buyers are not price takers.