If an increase in autonomous consumption spending of $25 million results in a $100 million increase in equilibrium real GDP, then

A) the MPC is 0.25. B) the MPC is 0.75. C) the MPC is 0.8. D) the MPC is 2.5.


B

Economics

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Suppose total benefits and total costs are given by B(Y) = 600Y ? 12Y2 and C(Y) = 20Y2. What is the maximum level of net benefits?

A. 1916.4 B. 2,500.75 C. 2,812.5 D. None of the statements associated with this question are correct.

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If the price of product L increases, the demand curve for close-substitute product J will:

A. shift downward toward the horizontal axis. B. shift to the left. C. shift to the right. D. remain unchanged.

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Refer to the information provided in Figure 1.5 below to answer the question(s) that follow. Figure 1.5Refer to Figure 1.5. Which of the Panels shows a curve or line that has a slope that is positive and increasing?

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Economics