What best determines the price a price searcher will charge?

The________point is the total output or total product the business needs to sell in order to cover its total costs.

Fill in the blank(s) with the appropriate word(s).

Suppose that a consumer has a marginal propensity to consume of 0.7. If this consumer earns an extra €2, her consumption spending would be expected to increase by:

A. €0.60. B. €0.70. C. €1.40. D. €1.70.