Refer to the above figure. The marginal propensity to consume and the marginal propensity to save
A) are 0.75 and 0.25, respectively. B) depend on the level of income.
C) are 0.90 and 0.10, respectively. D) are 0.83 and 0.17, respectively.
D
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A single-price monopolist will produce the output at which ________
A) marginal revenue equals marginal cost B) demand is perfectly inelastic C) marginal revenue is zero D) demand is inelastic but not perfectly inelastic
A tax is imposed on employers and workers that are used to fund Social Security and Medicare. This tax is sometimes referred to as
A) the ACIF. B) the Income Security Tax. C) the federal income tax. D) the payroll tax.
What types of money are considered in the measurement of M1?
a. currency b. coins c. checkable deposit d. all of the above are considered in the calculation of M1
Refer to the information provided in Figure 10.2 below to answer the question(s) that follow. 
Figure 10.2 Refer to Figure 10.2. This firm?s marginal cost curve has shifted from MC1 to MC0. A likely explanation for this is that
A. the demand for the firm?s product increased. B. the price of a variable input increased. C. the supply of a variable input increased. D. the productivity of a variable input increased.