If a perfectly competitive firm sells 10 units of output at a market price of $5 per unit, its marginal revenue per unit is:
a. $5.
b. $50.
c. more than $5 but less than $50.
d. less than $5.
a
Economics
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A $300 billion decrease in both government spending and taxes will
A) decrease GDP by less than $300 billion. B) decrease GDP by more than $300 billion. C) not change the level of GDP. D) decrease GDP by $300 billion.
Economics
The marginal propensity to consume (MPC) is the slope of the:
a. GDP curve. b. disposable income curve. c. consumption function. d. autonomous consumption curve.
Economics