The MPC for a country will likely be measured as less than 1.0.
Answer the following statement true (T) or false (F)
True
Economics
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The table above gives Jane's total utility from magazines and CDs. The price of a magazine is $4 and the price of a CD is $10 and Jane's budget is $88. What is Jane's marginal utility per dollar spent on magazines at her consumer equilibrium?
A) 36 units B) 15 units C) 9 units D) 5 units
Economics
When price is above the equilibrium level, competitive price cutting will continue as long as quantity supplied exceeds quantity demanded.
Answer the following statement true (T) or false (F)
Economics