According to the diagram in the figure above, what is the marginal cost of producing the 3 millionth gallon of gasoline per month?
A) 5 pounds of shrimp per gallon of gasoline
B) 4 pounds of shrimp per gallon of gasoline
C) 3 pounds of shrimp per gallon of gasoline
D) 1 pound of shrimp per gallon of gasoline
A
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Which of the following is an example of an injection into the circular flow of income and expenditure?
a. Government spending b. Imports c. Disposable income d. Net taxes e. Saving
Refer to the information. The data suggest that:
Answer the question below on the basis of the following information for a private closed economy:
A. the interest rate and the equilibrium GDP are directly related.
B. the interest rate and the equilibrium GDP are inversely related.
C. the interest rate and the equilibrium GDP are unrelated.
D. as the interest rate falls, investment also falls.