Here is a consumption function: C = C0 + MPC(Yd). If consumption is $3,300, MPC =0.85, and disposable income is $2,100, what does autonomous consumption equal?
A) $899.15
B) $450
C) $1,515
D) $4,785
E) none of the above
C
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In the above figure, if the firm is facing demand curve d2, then to maximize profits it will produce at output level
A) A. B) B. C) C. D) D.
As of 2008, which of the following countries had a female literacy rate of less than 50%?
a. India b. Greece c. Finland d. Ethiopia e. Namibia
The amount to which some current amount of money will grow as interest compounds over time is known as:
A. the future value of that sum of money. B. the present value of that sum of money. C. compound interest. D. the time-value of money.
Products produced domestically and sold in foreign countries are called ________, and products produced in foreign countries and sold domestically are called ________
Fill in the blank(s) with correct word