Other things the same, a country that increases its saving rate increases
a. its future productivity and future real GDP.
b. neither its future productivity nor future real GDP.
c. its future productivity, but not its future real GDP.
d. its future real GDP, but not its future productivity.
a
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Big Waves is a large water park. Suppose the individual demand for entrance into Big Waves is Qd = 50 - (2 × P) and each consumer has the same demand. Big Waves has a constant marginal cost of $5 per consumer. If Big Waves practices two-part pricing and requires a membership fee and then a separate entrance fee, what is the profit-maximizing membership fee?
A) $400 B) $200 C) $50 D) $125
Refer to the table below. If the cost per unit of advertising is constant at $325, what is the level of advertising per week that maximizes the industry joint profit?
Suppose the egg industry is made up of only the three farms above; Happy Chickens, Special Chickens, and Superior Chickens.
A) 1
B) 2
C) 3
D) 4
A self-employed editor and writer is thinking about purchasing a new computer to use for work. In making this investment decision, the person should take time into account
a. True b. False
If the supply price on 100 acres is zero, then $30 for the next 100 acres, and finally $60 for the third 100 acres, the supply curve of land curve is
a. vertical at 100 acres b. a straight, upward-sloping curve starting at the origin c. horizontal at $30 (the average rent) d. upward-sloping and step-shaped e. U-shaped starting at $30 (the average rent)