An increase in the marginal propensity to save (MPS)
A) increases autonomous consumption.
B) increases the value of the multiplier.
C) increases the marginal propensity to consume (MPC).
D) none of the above.
D
Economics
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Refer to the above figure. At a price of four cents, a(n) ________ of bubble gum will exist in the market
A) surplus B) shortage C) excess quantity demanded D) equilibrium quantity
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To maximize its profits, a monopoly should produce the quantity where its marginal cost equals its:
a. average total cost. b. average variable cost. c. demand. d. marginal revenue.
Economics