The figure above shows Sam's budget line. Which of the following equals the vertical intercept of Sam's budget line?

What will be the effect of a tax cut on consumption if consumption offers diminishing returns?

What will be an ideal response?

Which of the following market models results in the highest price assuming a fixed number of firms with identical costs and a given demand curve?

A) Cournot B) Stackelberg C) Monopoly D) Price is the same in all three markets.