The multiplier effect applies to any

A) change in any source of spending other than consumption and investment.
B) change in autonomous consumption but not autonomous investment.
C) change in both autonomous consumption and autonomous investment.
D) change in autonomous investment but not autonomous consumption.

C

Economics

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A firm maximizes profit by operating at the level of output where

A) average revenue equals average cost. B) average revenue equals average variable cost. C) total costs are minimized. D) marginal revenue equals marginal cost. E) marginal revenue exceeds marginal cost by the greatest amount.

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