Suppose when real disposable income is $5000, planned real consumption is $4000. When real disposable income increases to $6000, planned real saving increases by $500. The new planned real consumption expenditures is

In the short run (specificfactors) model FDI in the a country's manufacturing sector will cause its production possibility frontier:

a. to shift outward for both sectors. b. to shift inward. c. to shift outward for manufacturing only. d. to stay the same.

A perfectly competitive firm that is producing a positive quantity of a good maximizes its economic profit if it produces so that

A) total revenue = total cost. B) marginal revenue = marginal cost. C) average revenue = average total cost. D) average total cost = average variable cost.