Patents turn new ideas into
a. public goods, and increase the incentive to engage in research.
b. public goods, but decrease the incentive to engage in research.
c. private goods, and increase the incentive to engage in research.
d. private goods, but decrease the incentive to engage in research.
c
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Which of the following does NOT contribute to the marginal productivity of workers?
A) discrimination B) talent C) experience D) education
If equilibrium real GDP rises from $4 trillion to $6 trillion when government purchases increase by $1 trillion, the MPC must be
a. 0.8 b. 0.4 c. 0.5 d. 0.2 e. 2
Marginal profit is the slope of the total profit curve
a. True b. False Indicate whether the statement is true or false
If the MPC = .80, and investment rises from $100 to $150, real GDP will increase by:
A. $50. B. $125. C. $200. D. $250.