If the MPS rises, then the MPC will:
What will be an ideal response?
fall
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While the endowment bundle must lie on the original budget line, it need not lie on the budget line when prices change.
Answer the following statement true (T) or false (F)
What is most likely to happen to the cost of owning and operating a golf course in a large city when the population grows?
A) The cost will decline because the course will be used closer to its capacity. B) The cost will not change as long as no attempt is made to enlarge the course. C) The cost will rise because the land will become more valuable for other purposes. D) The cost will rise if the course is privately owned but will be unchanged if the course is municipally owned. E) The cost will vary depending on the amount of competition from other courses.
Of the following high-income countries, which has the highest mortality ratio for cancer?
A) Canada B) Japan C) the United Kingdom D) the United States
Figure 7-9
Of the graphs in Figure 7-9, which represents total fixed cost?
A. 1 B. 2 C. 3 D. 4