If the marginal propensity to consume was 0.9, it would mean that:
A. consumers spend $9 out of every $10 of additional disposable income.
B. consumers save $9 out of every $10 of additional disposable income.
C. consumers spend $1 out of every $10 of additional disposable income.
D. people should save more.
A. consumers spend $9 out of every $10 of additional disposable income.
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Local, state and federal government control and influence over businesses through taxes, subsidies, licensing and inspections are a firm part of U.S. history
Indicate whether the statement is true or false
Economies of scale are created by greater efficiency of capital and by
A) longer chains of command in management. B) better wages for labor. C) smaller plant sizes. D) increased specialization of labor.
Lorna's Lumberyard is a monopsony. Lorna estimates that at a wage of $10 per hour, 100 workers would be willing to work for her. Similarly, at a wage of $12 per hour, 200 workers would be willing to work. Her marginal labor cost is
a. $10 b. $14 c. $120 d. $140 e. $240
The legislation which outlawed asset-purchase mergers that would substantially reduce competition was the:
A. Sherman Act. B. Clayton Act. C. Robinson-Patman Act. D. Celler-Kefauver Act.