Decision making "at the margin" means making a choice based on __________ of a decision
A) the total benefits
B) the total costs
C) comparing the total benefits and costs
D) comparing the additional benefits and costs
D
Economics
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The formula, , is equal to the
A) expenditure multiplier. B) marginal propensity to export. C) marginal propensity to consume. D) marginal tax rate. E) total amount of autonomous expenditure.
Economics
Which of the following is true? In the above figure, if the market is
A) a monopoly, output will be Q1 and price will be P3. B) a monopoly, output will be Q3 and price will be P3. C) perfect competition, output will be Q2 and price will be P2. D) perfect competition, output will be Q1 and price will be P1. E) perfect competition, output will be Q3 and price will be P3.
Economics