If the multiplier is 5.25, then the MPC is

a. 0.19.
b. 0.68.
c. 0.81.
d. 0.84.

c

Economics

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The short-run supply curve for a perfectly competitive firm is

A) the industry supply curve. B) its rising portion of the average-variable-cost curve. C) its entire marginal-cost curve. D) its marginal-cost curve above the average-variable-cost curve. E) its average-revenue curve.

Economics

Often managers require a payment due to their risk aversion. This payment is called

A) a golden parachute. B) greenmail. C) a poison pill. D) rollover compensation

Economics