Government budgets are

Average propensity to consume

A) is the same as the break-even point. B) gives the amount a person changes planned consumption for a change in real disposable income. C) is the amount of consumption that is independent of the level of disposable income. D) is the proportion of total disposable income that is consumed.

The main objective of advertising for a monopolistically competitive firm is

A) to differentiate the product and raise sales. B) to reduce cost. C) to earn long run profits. D) to comply with government requirements on product information.