Which of the following is not included in the investment category under the expenditure approach to GDP accounting?
a. newly constructed residential housing
b. factory buildings
c. stocks and bonds
d. additions to inventory
c
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Refer to the figure above. What is the market-wide consumer surplus when the market price of calculators is $6?
A) $20 B) $35 C) $50 D) $70
When disposable income is 2500, induced consumption is
A. -500.
B. 0.
C. 500.
D. 1000.
Which of the following best describes total fixed cost? a. The change in total cost when one additional unit of output is produced. b. Total cost divided by the quantity of output produced
c. Total variable cost divided by the quantity of output produced. d. Total fixed cost divided by the quantity of output produced. e. Costs that do not vary as output varies.
If a good that generates positive externalities is priced to internalize the externality, then its price will __?__ and its output will __?__