The general rule for benefit maximization suggests that in personal equilibrium:
A) the ratio of total benefits to price should be identical across all goods.
B) the ratio of total benefits to income should be identical across all goods.
C) the ratio of marginal benefits to price should be identical across all goods.
D) the ratio of marginal benefits to income should be identical across all goods.
C
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David Ellwood suggests the explanation for low employment rates among poor families is Flawed Character
Indicate whether the statement is true or false
If the marginal propensity to consume is 0.75, then the value of the tax multiplier is
A) -2.5.
B) -3.
C) 1.25.
D) 1.4.
Jordan has the following assets and liabilities:Two cars$10,000House$200,000Mortgage$100,000Cash$1,000Car loans$3,000Checking account balance$2,000Credit card balance$1,000 What is the value of Jordan's liabilities?
A. $213,000 B. $100,000 C. $104,000 D. $317,000
The supply function for good X is given by Qxs = 1,000 + PX - 5PY - 2PW, where PX is the price of X, PY is the price of good Y and PW is the price of input W. If the price of input W increases by $10, then the supply of good X
A. will increase by 20 units. B. will increase by 10 units. C. will decrease by 10 units. D. none of the statements associated with this question are correct.