If MPC = 0.80, how much should government spending change to increase real GDP by $500?
a. -100.
b. +80.
c. -80.
d. +500.
e. +100.
e
Economics
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The most efficient point on the production possibilities curve is the midpoint on the curve
a. True b. False Indicate whether the statement is true or false
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(Consider This) An unprofitable motel will stay open in the short run if:
A. price (average nightly room rate) exceeds average variable cost. B. marginal revenue exceeds marginal cost. C. price (average nightly room rate) exceeds average fixed cost. D. marginal revenue exceeds price.
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