Which of the following would most likely increase the demand for peanut butter?
a. a decrease in the price of jelly, a good that is often used with peanut butter
b. the discovery that excessive consumption of peanut butter is harmful to one's health
c. crop failures that raise the price of peanuts
d. the invention of a new product that consumers think is a good substitute for peanut butter
A
Economics
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Refer to Table 11.1. What is the value of the marginal propensity to consume?
A) 0.15 B) 0.6 C) 0.75 D) 0.9
Economics
In which of the following situations is the principal-agent problem least likely to occur?
a. a hospital stay b. a doctor's visit c. a bartender serves you at the bar d. your TV is repaired e. a stockbroker calls with financial advice
Economics