Economic activity initiated by market participants imposes costs on free riders

Indicate whether the statement is true or false

F

Economics

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In the figure above, if real GDP is $10 trillion, aggregate planned expenditure is

A) equal to $10 trillion and there are no unplanned inventory changes. B) less than $10 trillion and unplanned inventory changes are positive. C) equal to $10 trillion and unplanned inventory changes are negative. D) more than $10 trillion and unplanned inventory changes are negative. E) equal to $10 trillion and unplanned inventory changes are positive.

Economics

Given the data in the above table, what is the marginal revenue when the 15th unit is sold?

A) $7.00 B) $5.00 C) $3.00 D) $1.00

Economics