Examlex
Which of the following would cause an upward shift in the consumption function?
Daily Profit
The financial gain a business makes in a single day, calculated by subtracting total expenses from total revenue for that day.
Marginal Costs
The advance in complete cost due to the manufacturing of one additional unit of a good or service.
Cournot Duopolists
Firms in a duopoly market structure that base their competition strategies on the quantity of output, assuming the reaction of the other firm to find an equilibrium.
Demand for Wine
The desire and willingness of consumers to purchase wine at various prices, influenced by factors such as income, tastes, and substitutes.
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