If the MPC is 0.9 and the tax rate is 15%, a $100 increase in autonomous investment will increase equilibrium income by
A) $131.
B) $426.
C) $599.
D) $850.
B
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Mandy saved her allowance to buy a 12 pack of cream soda. When Mandy's brother saw the soda, he took four. Sodas were allocated between Mandy and her brother through
A) force. B) majority rule. C) first-come, first-served. D) sharing equally. E) personal characteristics.
The World Trade Organization (WTO) was created in 1995 during the Uruguay Round of trade discussions
Indicate whether the statement is true or false
Suppose total benefits and total costs are given by B(Y) = 100Y ? 8Y2 and C(Y) = 10Y2. Then marginal costs are:
A. 20Y2. B. 20Y. C. 5Y. D. 40.
When firms are interdependent,
A. Then the market is perfectly competitive. B. They can act independently of one another. C. One firm can ignore other companies in the market when making decisions. D. The profit of one firm depends on how its rivals respond to its strategic decisions.