When we estimate a regression to determine the relationship between changes in consumption and changes in current income, we find that

A) there are no residuals.
B) the R2 is zero.
C) the MPC is larger than one.
D) all of the above
E) none of the above

E

Economics

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Based on the above figure of the costs at Barney's Bagel Bakery, at which of the following levels of output does the marginal product of labor equal the average product of labor?

A) at 500 bagels B) at 2000 bagels C) at 3000 bagels D) None of the above because the marginal and average products of labor can never be equal.

Economics

The neoclassical synthesis had emerged by what decade?

A) 1930s B) 1940s C) 1950s D) 1960s E) 1990s

Economics