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The following table contains data on the relationship between saving and income. Rearrange these data into a meaningful order and graph them on the accompanying grid. What is the slope of the line? The vertical intercept? Write the equation that represents this line. What would you predict saving to be at the $12,500.00 level of income? original Income per Year Savings per Year $15,000.00 $1,000 0 -500 10,000 500 5,000 0 20,000 1,500.
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Which of the following equations is FALSE for perfectly competitive firms? A. Total cost = fixed cost + variable cost B. Marginal cost = change in total cost / change in quantity o
concept of multiplier - static and dynamic
Assume the United States has the following consumption information: GDP = Income Consumption
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The market demand for a factor The market demand curve for any input is not simply the horizontal summation of the individual demand curves of all the firms. This is due to th
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