Assume Robbie's Robots operates in a perfectly competitive market producing 3,000 robots per day. At this output level, the selling price is $800 per robot and the marginal cost is $800 per robot. To maximize profits, Robbie's Robots should

All of the following would shift the consumption-income line except

a. an increase in taxes that causes the marginal propensity to consume to change b. an increase in taxes that changes autonomous spending c. a change in expectations of future income d. a change in wealth e. none of the above

Most people rely primarily on income other than their labor earnings to maintain their standard of living

a. True b. False Indicate whether the statement is true or false