Suppose the MPC is 0.8 in Canada and the MPC h is 0.55. If income increases by $100 million in Canada, then the increase in consumption of foreign goods will be:

A fair-returns price is a price set at:

A) marginal cost. B) average fixed cost. C) average total cost. D) average variable cost.

Suppose the extra cost for a company to advertise for one extra day each week in the local newspaper is $200. Then, the company should advertise on that additional day if it can generate additional revenue of $200 each week

Indicate whether the statement is true or false