At the point where the consumption schedule intersects the 45-degree line:
A. the MPC equals 1.
B. the APC is zero.
C. saving equals income.
D. saving is zero.
D. saving is zero.
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Steve sells hotdogs from a vending cart downtown. The table above shows his total revenue per day at four different prices. Between which two prices is the demand for hotdogs
a) elastic? b) unit elastic? c) inelastic?
Corporations can finance their activities through the sale of new stocks but are legally prohibited from selling bonds.
Answer the following statement true (T) or false (F)
The demand curve any monopolist uses in making output decisions is:
a. the same as the demand curve facing a perfectly competitive firm. b. vertical, because there are no close substitutes for its product. c. horizontal, because there are no close substitutes for its product. d. the same as the market demand curve. e. perfectly inelastic.
Controlling pollution by setting the same maximum allowable amount of pollution for each polluter, and making specific rules about the way it must be reduced, is called
A. tax-and-fine regulation. B. command-and-control regulation. C. the common-law approach. D. cap-and-trade regulation.