If the MPC = 0.9, the multiplier would be
A) 0.1. B) 2. C) 9. D) 10.
D
Economics
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The unfunded nature of the Social Security system has no effect on investment
a. True b. False
Economics
If an unregulated electric company is a monopolist and faces demand of Q = 50 - 10P. It has a constant marginal cost of 1 and must pay an environmental fee to the government of 0.2 per unit of output. In this situation, the profit-maximizing level of output is:
a. 5 b. 10 c. 20 d. 50
Economics