Sharing contracts in franchising is when
a. The franchisor pays a fixed franchisor fee
b. The franchisor pays a percentage of the revenue or profit of the restaurant
c. The franchisor fee is decreased to 50%
d. The franchise gets to share the franchise fee with other restaurants
b
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Suppose two successive levels of disposable personal income are $16 and $21 billion, respectively, and the change in consumption spending between these two levels of disposable personal income is $2 billion, then the MPC will be equal to _____
a. 0.12 b. 0.8 c. 0.7 d. 0.4 e. 0.04
Which of the following is a characteristic of economics?
A) allocation of limited resources in an effort to satisfy potentially unlimited wants B) the focus on how people behave not in their own self-interest C) the way society deals with people's needs D) all of the above