-According to the Data in the Above Table, at What

question 245

Multiple Choice

-According to the data in the above table, at what level of disposable income is savings negative?

• A) 400
• B) 300
• C) 200
• D) Never because saving cannot be negative.

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Definitions:

Economic Profit

The difference between total revenues and the total costs of a firm, including both explicit and implicit costs.

Gas Station

A retail business establishment that sells fuel and engine lubricants for motor vehicles.

Prices Charged

The amount of money demanded by a business in exchange for its goods or services.

Long Run

A period during which all factors of production and costs are variable, allowing firms to adjust to desired levels.