Compute the regular expenditure multiplier

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Q. At a market price of 21$ a toy, what quantities does the firm produce in the short run and does the firm make a positive economic profit?

Q. Compute the regular expenditure multiplier also the net tax multiplier if the level of consumption increases from $80,000 to $92,000 as a result of change in income from $120,000 to $140,000

Reference no: EM1347217

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