Extra Flashcards
1
Q
The profit you expect to make normally is considered what?
A
Normal profit
2
Q
Getting more profit than what you need to complete the job is considered a what?
A
Economic or pure profit
3
Q
Getting below the normal operating profit is considered what?
A
Subnormal profit
4
Q
What is the Marginal Propensity to Consume?
A
How much of your income you’ll spend
5
Q
Lowest incomes spend _____% if income and the highest incomes spend _____%
A
100
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