Illustrate what quantity does lin produce

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Reference no: EM1349643

Q. Consider an economy with no government spending and no net exports in which consumption is equal to $500 billion when national income is zero and increases by 75 cents when disposable income increases by $1.In this economy, the multiplier is?

Q. At a market price of $50 a batch, illustrate what quantity does Lin's produce also what is the firm's economic profit in the short run? Do firm's enter or exit the market in the long run?

Reference no: EM1349643

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