The cost-effective solution is:
Suppose the combined abatement for two firms, firm X and firm Y, facing the New Source Performance Standards (NSPS) must total 30 units, and that the MAC functions for these firms are: MACX = 0.6AX MACY = 0.3AY
Use this information for either of the next two questions below.
a. Ax = 15; Ay = 15 c. Ax = 10; Ay = 20
b. Ax = 9; Ay = 4.5 d. none of the above
c. Ax = 10; Ay = 20
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As a percentage of total federal revenue, excise taxes have _____
a. risen slightly since 1960 b. remained constant since 1960 c. risen considerably since 1960 d. fallen since 1960
What percentage of federal spending was financed by borrowing during 2009-2010?
a. approximately 10 percent b. approximately 20 percent c. approximately 40 percent d. more than 50 percent
Nowadays, most observers believe that monetary policy
A. is less important than fiscal policy. B. is more important than fiscal policy. C. and fiscal policy are equally important. D. and fiscal policy are both unimportant.
Refer to the information provided in Table 23.9 below to answer the question(s) that follow. Table 23.9
Refer to Table 23.9. The equilibrium level of aggregate output is
A. $200 billion. B. $300 billion. C. $400 billion. D. $500 billion.