Melissa has an income of $240 a month to spend on tennis lessons and concert tickets. The price of a tennis lesson is $20, and the price of a concert ticket is $40. The slope of Melissa's budget line, with tennis lessons on the horizontal axis, is

When using the income approach to measure GDP at market prices, in addition to summing all factor incomes it is necessary to ________

A. subtract depreciation because profit is not reported as net profit B. add depreciation because capital depreciates when goods are manu-factured C. add indirect taxes less subsidies to convert aggregate income from factor cost to market prices D. add a statistical discrepancy which is the sum of depreciation and in-direct taxes less subsidies

One method of setting price using the cost-plus method is to add

A) a given percentage of marginal cost to marginal cost of production. B) a given percentage of fixed cost to total fixed cost. C) a given percentage of average variable cost to average total cost. D) a given percentage of average total cost to average total cost.