The marginal propensity to consume (MPC) is typically
a. less than zero or greater than 1.0
b. equal to zero
c. equal to 1.0
d. between -1.0 and 1.0
e. between zero and 1.0
E
Economics
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The rutabaga market is perfectly competitive and the price of a ton of rutabagas rises. As a result, Rudy, a rutabaga farmer, will
A) decrease his output of rutabagas. B) not change his output of rutabagas because Rudy's firm is a price taker. C) increase his output of rutabagas. D) at first decrease and then increase his output of rutabagas. E) probably change his output of rutabagas, but more information is needed about the change in the marginal revenue of a ton of rutabagas.
Economics
All these increase differentiation, except
a. Product branding b. Reducing quality c. Advertising d. Limiting availability
Economics