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?