What are the coordinates for the post-tax equilibrium demand?
a. $1.40 at QBT
b. $1.40 at QAT
c. $0.90 at QBT
d. $0.90 at QAT
b. $1.40 at QAT
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What are the factors that affect GDP according to the aggregate production function used by Solow?
What will be an ideal response?
Social Security payments automatically increase when the CPI goes up because of the
A) years receiving social security. B) cost-of-living adjustments. C) individual being married or unmarried. D) age of the recipient.
A normal good is one
a. the average consumer chooses to consume at a normal level. b. the average consumer chooses to consume over other similar goods. c. for which an increase in income increases consumption of the good. d. for which an increase in income decreases consumption of the good.
Monopolistic competitors advertise because
A. they produce goods that can be differentiated from the goods of other firms in the industry. B. they have downward sloping demand curves. C. the demand curves they face are very elastic. D. they can earn long-run profits if they advertise.