The marginal propensity to consume can best be described as:
A) consumption/income
B) the impact of a change in income on GDP
C) the change in income divided by the change in consumption
D) the change in consumption divided by the change in income
A
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Total fixed cost is the cost of
A) labor. B) production. C) a firm's fixed factors of production. D) only implicit factors of production. E) only explicit factors of production.
When we say investment in economics we are talking about:
A. stocks. B. bonds. C. physical capital. D. None of these are examples of investment in economics.
The supply curve for the monopolist
a. is horizontal. b. is vertical. c. is upward sloping. d. does not exist.
As an alternative to selling shares of stock as a means of raising funds, a large company could, instead,
a. invest in physical capital. b. use equity finance. c. sell bonds. d. purchase bonds.