If marginal cost is ______ average cost, then average cost will _____.
A. equal to; decrease
B. less than; increase
C. greater than; decrease
D. greater than; increase
D. greater than; increase
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Define tax incidence
What will be an ideal response?
If the consumption function is defined as C = 5,500 + 0.9Y, what is the marginal propensity to consume?
A) 0.1 B) 0.9 C) 5.5 D) 6.1
Education of girls is a crucial development investment because
(a) it leads to improved child health. (b) it leads to reduced fertility. (c) women do most of the work in agriculture. (d) all of the above.
It costs View Your World, a high-end window manufacturer, $50 for each order of windows they place. View Your World sells 2,000 windows a year and each window that is held in inventory costs $500 per year. What is the economic order quantity?
A) 40 B) 50 C) 20 D) 10