The formula to compute the spending multiplier is:
a. 1 / (MPC + MPS).
b. 1 / (1 ? MPC).
c. 1 / (1 ? MPS).
d. 1 / (C + I).
b
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The average total cost curves for plants A, B, C and D are shown in the above figure. Which plant is best to use to produce 20 units per day?
A) plant A B) plant B C) plant C D) plant D
The kinked demand curve is composed of two segments of two demand curves that intersect. The two segments that make up the kinked demand curves are
a. both related to industry demand b. derived by subtracting the firm's demand curve from the market demand curve and adding it to the industry demand curve c. derived from the firm demand curve and the industry demand curve d. the least elastic segment above price and the more elastic segment below price e. the more elastic segment above price and the least elastic segment below price
Answer the following statement(s) true (T) or false (F)
1. Married women generally earn less than married men. 2. Some employers discriminate to reduce information costs. 3. Poverty thresholds fail to account for inflation. 4. Poverty dropped during the 1960s. 5. In 2016, the highest poverty rate was among those aged 65 or older.
That part of disposable income not spent on consumption is:
A. saved. B. invested. C. wasted. D. borrowed.