In Figure 3-4 above, the marginal propensity to consume is
A) 500.
B) 2.5.
C) 0.6.
D) 0.4.
E) 1.5.
C
Economics
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Refer to Table 20.1. The income tax in Oceania is
A) progressive. B) regressive. C) proportional. D) a flat tax.
Economics
The shape of the average total cost curve is determined by the shape of
A) the firm's production function. B) the average fixed cost curve. C) the marginal cost curve. D) the average product curve.
Economics