An upward shift of the saving schedule suggests:
A. nothing with respect to changes in the APC and APS.
B. that the APC and APS have both decreased at each GDP level.
C. that the APC and APS have both increased at each GDP level.
D. that the APC has decreased and the APS has increased at each GDP level.
D. that the APC has decreased and the APS has increased at each GDP level.
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The table above shows the short-run product schedule for Virginia's Tee-Shirts. The worker for whom the law of diminishing returns initially occurs is the ________ worker
A) 5th B) 4th C) 3rd D) 2nd
Suppose that the current exchange rate between the dollar and peso is $1 equals 10 pesos. If a firm in Mexico wanted to purchase $100,000 worth of U.S. televisions, how many pesos must they exchange?
A) 10,000 pesos B) 100,000 pesos C) 1,000,000 pesos D) 11,000,000 pesos