If autonomous consumption is greater than zero and the marginal propensity to consume is greater than zero, but less than one, the consumption function will first be below and then above the 45 degree line

a. True
b. False
Indicate whether the statement is true or false

False

Economics

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The table above gives costs at Jan's Bike Shop. Unfortunately, Jan's record keeping has been spotty. Each worker is paid $100 a day. Labor costs are the only variable costs of production. What is the total fixed cost of producing 64 bikes?

A) $200 B) $300 C) $400 D) $500

Economics

In the foreign exchange market, how does a fall in the U.S. interest rate affect the supply of dollars?

What will be an ideal response?

Economics