When disposable income is 1000, how much is consumption?
1,200
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MSB equals
A) MC + the marginal external cost. B) MC + the marginal external benefit. C) MB + the marginal external cost. D) MB + the marginal external benefit. E) MB + MC.
Claude's Copper Clappers sells clappers for $40 each in a perfectly competitive market. At its present rate of output, Claude's marginal cost is $39, average variable cost is $25, and average total cost is $45 . To improve his profit/loss situation, Claude should
a. increase output b. reduce output but not to zero c. maintain the present rate of output d. shut down e. raise the price
The real wealth and the real interest rate effects are both causes of the downward slope of the aggregate demand curve
a. True b. False Indicate whether the statement is true or false
Answer the following statement true (T) or false (F)
1) Demographers expect world population to ultimately decline in the next century. 2) Commodity prices are relatively stable from year to year. 3) Per capita water use in the United States has steadily increased since 1973. 4) Per capita energy use in the United States has remained fairly constant since 1980.