A change in technology would affect MRP by its effect on MR
Indicate whether the statement is true or false
F
Economics
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What are pecuniary externalities? Explain with the help of an example
What will be an ideal response?
Economics
A monopolist maximizes profit by producing an output level where marginal cost equals price
a. True b. False Indicate whether the statement is true or false
Economics
If MPC = 0.75 (and there are no income taxes) when G increases by 100, then the IS curve for any given interest rate shifts to the right by:
What will be an ideal response?
Economics
Suppose a consumption function is given as C = $175 + 0.85YD. The marginal propensity to save is
A. -0.15. B. 0.15. C. 0.85. D. 200.
Economics