Mathematically, the marginal propensity to consume is:
a. consumption divided by income.
b. the change in consumption divided by the change in income.
c. income divided by consumption.
d. the change in income divided by the change in consumption.
b
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Professional baseball teams in the United States use only wooden bats. If aluminum bats were permitted, the likely result would be a
A. shift in the supply curve for aluminum bats. B. shift in the supply curve for wooden bats. C. change in the quantity supplied of aluminum bats. D. persistent shortage of aluminum bats.
A unit tax
A) is based on the value of the good being sold. B) is a constant tax assessed on each unit of a good sold. C) is the primary tax studied in dynamic tax analysis. D) does not influence equilibrium price and quantity.
Which of the diagrams correctly portrays a nondiscriminating pure monopolist's demand (D) and marginal revenue (MR) curves?
A. A.
B. B.
C. C.
D. D.
Strategic voting can reduce the power of someone trying to manipulate the outcome of an election
Indicate whether the statement is true or false