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Author Question: When we graph consumption as a function of national income rather than as a function of ________, ... (Read 222 times)

humphriesbr@me.com

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When we graph consumption as a function of national income rather than as a function of ________, the slope of this consumption function is the ________.
 
  A) disposable income; MPC B) personal income; MPS
  C) disposable income; MPS D) personal income; MPC

Question 2

Cost-price pricing typically does not result in profit-maximization. As a result, economists have two views of cost-plus pricing. One of these views is
 
  A) cost-plus pricing is a good way to approximate the profit-maximizing price when marginal revenue or marginal cost is difficult to determine.
  B) cost-plus pricing is more likely to lead to profit-maximization for monopolistically competitive firms than for oligopoly firms.
  C) cost-plus pricing is more likely to result in profit-maximization the more elastic the firm's demand curve is.
  D) cost-plus pricing is more likely to lead to profit-maximization for large firms than for small firms.


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nekcihc358

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humphriesbr@me.com

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it


pangili4

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Reply 3 on: Yesterday
Excellent

 

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