Max has allocated $100 toward meats for his barbecue. His budget line and indifference map are shown in the above figure. If Max is currently at point d,
A) the absolute value of his MRS is larger than the trade-off offered by the market.
B) he is willing to give up more chicken than he has to, given market prices.
C) he is not maximizing his utility.
D) All of the above.
D
Economics
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Nonlinear least squares estimators in general are not
A) consistent. B) normally distributed in large samples. C) efficient. D) used in econometrics.
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Tax shifting
a. is the process by which buyers pass a tax onto sellers b. is the process that causes some of a tax collected by one side of a market to be paid by the other side c. is the process of avoiding taxes and lowering a tax burden d. is a way of avoiding payment of a tax e. is illegal in the United States
Economics