Specialization permits larger outputs and offers economies of large-scale production
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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Refer to the table. Suppose that demand is represented by columns (3) and (2) and supply is represented by columns (3) and (5). If the price were artificially set at $9:
A. the market would clear.
B. a surplus of 20 units would occur.
C. a shortage of 20 units would occur.
D. demand would change from columns (3) and (2) to columns (3) and (1).
Economics
Kara earns $1,500 a month and from that pays an overall tax rate of 15 percent. On average she saves $255 per month. What is her marginal propensity to consume and her marginal propensity to save?
What will be an ideal response?
Economics