As one moves down a straight-line demand curve, the elasticity decreases.
Answer the following statement true (T) or false (F)
True
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Refer to the diagram above. The straight line E drawn through the wavy lines would provide an estimate of the:
a. Recovery trend b. Recession fluctuation c. Natural rate of unemployment d. Economic growth trend
The best that this firm in the graph above can do is
A. maximize profits.
B. break-even.
C. minimize losses.
D. make a small profit.
Investment decreases by $300 billion, government expenditure is unchanged, and exports increase by $500 billion. As a result, autonomous expenditure ________, the total expenditure ________, and equilibrium real GDP ________
A) increases by $800 billion; increases; increases by more than $800 billion B) increases by $200 billion; increases; increases by more than $200 billion C) decreases by $300 billion; decreases; decreases by more than $300 billion D) is unchanged; is unchanged; is unchanged E) increases by $500 billion; is unchanged; increases by more than $500 billion
The benefit that Jack receives from consuming a pack of french fries is 10 utils. He expects a future health cost of eating french fries at 20 utils
If Jack discounts delayed utils with a weight of 1/4, should he consume french fries? Explain your answer.