This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A leftward shift in supply could be caused by: a. an improvement in productive technology. b. a ... (Read 78 times)

dbose

  • Hero Member
  • *****
  • Posts: 597
on: Jun 30, 2018
A leftward shift in supply could be caused by:
 a. an improvement in productive technology.
  b. a decrease in income.
 c. some firms leaving the industry.
 d. a fall in the price of inputs to the industry.

Question 2

Which of the following changes in taxes would lead to the greatest increase in consumption?
 a. a 20,000 decrease in taxes, if MPC equals 0.5
  b. a 12,000 decrease in taxes, if MPC equals 0.75
  c. a 15,000 decrease in taxes, if MPC equals 0.6
  d. a 30,000 decrease in taxes, if MPC equals 0.25


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

yotaSR5

  • Sr. Member
  • ****
  • Posts: 331
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

a


dbose

  • Member
  • Posts: 597
Reply 2 on: Jun 30, 2018
Excellent

Perkypinki

  • Member
  • Posts: 339
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

The familiar sounds of your heart are made by the heart's valves as they open and close.

Did you know?

Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).

Did you know?

Not getting enough sleep can greatly weaken the immune system. Lack of sleep makes you more likely to catch a cold, or more difficult to fight off an infection.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates's recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Variegated leaves caused by a mutation in cpDNA Variegated leaves caused by a mutation in cpDNA
Hydronephrosis. Normal kidney (left) and kidney with hydronephrosis (right) are compared. Note the d Hydronephrosis. Normal kidney (left) and kidney with hydronephrosis (right) are compared. Note the d
a) Shift your weight at the end of your reach. b) Avoid overreaching. a) Shift your weight at the end of your reach. b) Avoid overreaching.
Significant hash can be caused by faults in one or more cylinders, whereas amplified hash is not ... Significant hash can be caused by faults in one or more cylinders, whereas amplified hash is not ...
How to plot a sine function containing an amplitude and phase-shift (Question 2 of 3) How to plot a sine function containing an amplitude and phase-shift (Question 2 of 3)
Who Oversees the Food Supply? Who Oversees the Food Supply?
Video: What Are Carbohydrates? Importance of Carbs & High Carb Food

For a complete list of videos, visit our video library