The profit maximizing combination of resources
A) usually involves more of each input hired than the cost minimizing combination of resources.
B) usually involves less of each input hired than the cost minimizing combination of resources.
C) usually involves hiring more of some resources and less of other resources than the cost minimizing combination of resources.
D) is also the cost minimizing combination of resources.
D
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Holding other factors constant, a decrease in the tax for producing cars causes
a. The supply curve to shift to the left, causing the prices of coffee to rise b. The supply curve to shift to the right, causing the prices of coffee to rise c. The supply curve to shift to the left, causing the prices of coffee to fall d. The supply curve to shift to the right, causing the prices of coffee to fall
In a closed economy taxes are $750 billion, government transfers are $400 billion, government expenditures are $500 billion, and investment is $400 billion. What are private saving, public saving and national saving?