Dissaving occurs when the consumption function lies below the 45-degree line
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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If a firm is earning just enough to cover all its economic profits does that mean it's not making a profit?
What will be an ideal response?
Economics
If the wage rate is $5 per hour, regardless of how many laborers are employed, the wage rate equals the
a. MLC b. MPP c. MR d. MRP e. TLC
Economics