If aggregate output is above its equilibrium level ________
A) there is an excess supply of goods
B) actual output is below planned expenditure
C) firms will tend to replenish their low inventories driving output up toward equilibrium
D) all of the above
E) none of the above
A
Economics
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Given the data in the above table, income of $13, a price of $1 for a bottle of water and $2.00 for a hamburger, what is the marginal utility per dollar spent on the fifth hamburger?
A) 10 units of utility B) 8 units of utility C) 6 units of utility D) 4 units of utility
Economics
Any factor of production is capital if it:
A) was produced and can be used to produce other goods and services. B) generates utility. C) uses human effort to produce goods and services. D) is included in financial capital.
Economics