Disposable personal income:
a. includes personal income taxes.
b. excludes personal income taxes.
c. excludes transfer payments.
d. is income spent for personal items such as homes and cars.
b
Economics
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All else equal, as the capital stock increases, the marginal product of capital will
A) increase at an increasing rate. B) increase at a decreasing rate. C) decrease at an increasing rate. D) decrease at a decreasing rate.
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What is the fast-second strategy? What are the risks to a dominant firm from using such a strategy?
What will be an ideal response?
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