The marginal propensity to save is defined as the 1-MPC, where MPC is marginal propensity to consume. Then marginal propensity to save can be of any positive value. Discuss the argument stated above.

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A:

Q: Marginal Cost 11.50 11 Price 10.50 Average Total Cost 10 9.50 10 20 50 60 Quantity 30 40 Based on th...

A: A perfectly competitive firm is one of many firms that sell homogeneous goods in the market.

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A: The indifference curve for utility level u0 is given by, x2=u0x1-μdx2dx1=-μu0x1-μ-1<0 since μ>...

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A: The answer is - c. emissions are strongly linked to changes in GDP.

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A: "Since you have posted a question with multiple sub-parts, we will solve the first three subparts fo...

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A: The correct answer is given in the second step.

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A: Below is the given information: TR = P × QMR = TRn-TRn-1∆QATC = TCQMC = TCn-TCn-1∆Q

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Q: These diagrams, pertain to a perfectly competitive firm producing output q and the industry in which...

A: Answer:- (B) Firms to leave the industry, market supply to fall, and product price to rise.

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Q: Give takeaways on the following topics:

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A: Trade tends to raise the total international output by specialization. 

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A: Every choice needs a trade-off because resources are limited. Opportunity cost arises when there is ...

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Q: Explain the Structural Characteristics of Developing Nations.

A: Developing countries have a poor institutional structure such as a lack of property rights, absence ...

Q: If  taxes are increased, will most people save more or less than before? Does national saving rise o...

A: