If both the demand for and the supply of computers are increasing, which of the following statements is TRUE?
A) The consumer should buy a computer now since the price will be higher in the future.
B) The consumer should wait and buy a computer later since the price will be lower in the future.
C) The price of a computer will be the same in the future as it is now.
D) It is impossible to know, given only this information, whether the prices of computers will go up or down in the future.
Answer: D
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The opportunity cost of investing in a new lithotripter (a machine that pulverizes kidney stones with sound waves) is
a. defined by the dollar cost of the equipment. b. the same for every health care provider. c. measured by the difference between the expected revenues from selling the services of the lithotripter and the invoice cost of the machine. d. defined by the next best use of the money invested in the equipment. e. impossible to calculate.
Refer to the given table. The marginal propensity to consume is:
A. .5.
B. .75.
C. .8.
D. .9.