"The Household sector has devoted much of this windfall gain in income towards a greater hunger for imports" When referring to a L-J (Leakages-Injections) graph will this be a change in EXOGENOUS IMPORTS or Marginal Propensity to Import? With your one-sentence ...
April 11, 2007
A fishing boat owner brings 50,000 fish to market and the market price is $4 per fish. Her average variable cost of 50,000 fish is $1 and the fixed cost of the boat is $100,000, what is her profit per fish? a)$1 b)$500 c)$5,000 d)$25,000 e)$500,000 the answer is A. $1
December 3, 2006