Autonomous consumption depends on all of the following except
A. Wealth.
B. Expectations.
C. Credit.
D. Innovation.
Answer: D
Economics
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A graph shows the price of a pound of cucumbers on the vertical axis and the quantity of new cars sold by Honda on the horizontal axis. The price of a pound of cucumbers remains constant as the quantity of new cars sold increases
The graph of these data is a A) vertical line. B) positively sloped line. C) curve with a maximum. D) negatively sloped line. E) horizontal line.
Economics
A profit-maximizing firm always
a. sells its output at P = MR. b. produces at the output at which MR = 0. c. hires labor until the MRP of labor = 0. d. produces every unit of output for which MR > MC.
Economics