The slope of the planned expenditure line is

A) autonomous consumption.
B) the marginal propensity to save.
C) autonomous planned spending.
D) the marginal propensity to consume.

D

Economics

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The above table shows the short-run total product schedule for the campus book store. When the book store hires the 3rd employee

A) the bookstore is still experiencing increasing marginal returns. B) the book store has already begun to experience diminishing marginal returns, but average product is still rising. C) both marginal and average product have already begun to decline. D) marginal product is at its maximum.

Economics

Which of the following statements regarding perfect price discrimination is FALSE?

A) Only part of consumer surplus is captured by the firm as producer surplus. B) For the firm, the market demand curve becomes the firm's marginal revenue curve. C) The monopoly produces the output at which the marginal revenue equals the marginal cost. D) No deadweight loss is created.

Economics