If the marginal propensity to save (MPS) is 0.25, the simple multiplier is _____

If an average cost curve is U-shaped, then:

a. costs per unit remainconstant throughout the entire range of production. b. costs per unit fall throughout the entire range of production. c. costs per unit increase throughout the entire range of production. d. costs per unit first rise, then reach a maximum, and then begin to fall as output is increased. e. costs per unit first fall, then reach a minimum, and then increase as output is increased.

Disposable income does not influence the amount of consumer expenditures.

Answer the following statement true (T) or false (F)