In the above table, the average fixed cost of producing 15 units of output is

If the People's Bank of China adopted a flexible exchange rate policy

A) the U.S. dollar would depreciate. B) the U.S. dollar would appreciate. C) the yuan would depreciate. D) the yuan-U.S. dollar exchange rate would rise.

The marginal propensity to consume explains how much of the next dollar of disposable income

A) a household will spend. B) a business will invest. C) the government will spend. D) foreign residents will use to purchase domestic exports.