The value of the marginal propensity to consume
a. can exceed 1.
b. is always between 0 and 1.
c. can be less than 0.
d. is always greater than 1.
b. is always between 0 and 1.
Economics
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In order to be a public good a good must be both a collective consumption good and be nonexcludable
a. True b. False
Economics
Suppose you own a store that sells computers. You have determined that the demand function for your computers is Qd = D(P) = 900 - 3P. At what price would you sell the computers if you wanted to sell 60 of them?
A. $250 B. $275 C. $280 D. $300
Economics