Other things equal, if planned investment spending is less than actual investment spending, then aggregate expenditure will be ________ real GDP and employment will ________

Half of all your potential customers would pay $16 for your product but the other half would only pay $10 . You cannot tell them apart. Your marginal costs are $4 . If you set the price at $10, the expected profit is:

a. $3 b. $4 c. $5 d. $6

A change in input prices has no impact on the budget line

a. True b. False Indicate whether the statement is true or false