A contract between a bee keeper and an orchard farmer usually break because of the high cost of writing the contract
Indicate whether the statement is true or false
F
Economics
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A general formula for the multiplier is 1/(1-MPS)
Answer the following statement(s) true (T) or false (F)
Economics
If the marginal propensity to save (MPS) is 0.25, the value of the spending multiplier is:
a. 1. b. 2. c. 4. d. 9.
Economics
An individual who has considerable income from savings, borrowing, family support, and scholarship, will supply more labor toward market work
Indicate whether the statement is true or false
Economics
Refer to the above diagram showing the average total cost curve for a perfectly competitive firm. Suppose that average variable cost is $8 at 40 units of output. At that level of output, total fixed cost:
A. is $2.
B. is $40.
C. is $80.
D. cannot be determined from the information provided.
Economics