Assume that for a particular firm's output price = $80, marginal cost = $30, average total cost = $25. Based on this information, the firm's Lerner Index is equal to:

A) 0.313.
B) 0.375.
C) 0.6.
D) 0.625.


D

Economics

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If spending increased by $200, and the GDP increased $1,000 as a result, the MPC must be:

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Fill in the blank(s) with the appropriate word(s).

Economics