Autonomous consumption is equal to the level of consumption associated with:

a. unstable disposable income.
b. positive disposable income.
c. zero disposable income.
d. negative disposable income.

c

Economics

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In the short run, a firm operating as a monopolistic competitor will produce to the point at which

A) MR = ATC. B) MC = ATC. C) P = MC. D) MR = MC.

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What is the percentage of income received by the middle three quintiles on line X?

Economics