Private saving refers to ________
A) after-tax income minus consumption expenditures
B) a flow variable which adds to the stock of wealth
C) the private saving rate times disposable income
D) all of the above
E) none of the above
D
You might also like to view...
Suppose the cost of a CD is $20. As online retailers enter the market with new technology, the price of CDs ________, and traditional music stores find that ________
A) decreases; their AVC exceeds the new lower price and they exit the industry B) decreases; their ATC curve shifts lower and their profit increases C) increases; they compete with online retailers at the new higher price D) increases; their costs have risen due to the new technology E) decreases; they compete with online retailers with higher profits
The table above shows the total cost incurred by Sue's Coat Shop, a perfectly competitive firm. If the market price of a coat is $285, Sue's will maximize economic profit by selling ________ coats a day
A) 7 B) 11 C) 8 D) 9