After firm A acquired firm B, it lowered the prices for the goods produced by both firms. This can increase profits if the goods are
a. Substitutes
b. Complements
c. Not related
d. None of the above
b
Economics
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In the savings function S = -725 + 0.25y, 0.25 is the
A) MPS. B) slope of the consumption function. C) MPC. D) vertical intercept of the savings function.
Economics
Total variable costs: a. Increase when quantity produced increases
b. Decrease when quantity produced increases. c. Sometime increase and sometime decrease when quantity produced increases. d. Can sometimes be constant over a substantial range of output.
Economics
A recognition lag:
What will be an ideal response?
Economics
A payroll tax is also referred to as a social insurance tax
a. True b. False Indicate whether the statement is true or false
Economics