If a cartel seeks to maximize profits, the market share (or quota) for each firm should be set at a level such that the ____ of all firms is identical

The marginal propensity to consume goods and services can be broken out into the:

a. marginal propensity to invest plus the marginal propensity to save. b. marginal propensity to consume home-produced goods and services plus the marginal propensity to consume imports. c. marginal propensity to spend minus the marginal propensity to save. d. marginal propensity to consume goods plus the marginal propensity to consume services.

If Donald receives a pay raise and the income effect outweighs the price effect on his labor supply decisions, he will work:

A. less hours initially but eventually work more. B. more hours. C. the same amount. D. less hours.