Which of the following is NOT one of the lags that makes timely fiscal policy difficult?

To secure a charter, the deciding bodies required which of the following from the business enterprises?

(a) A statement of business purpose and location (b) A business plan (c) A description of capital and labor requirements and expectations (d) All of the above

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) 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.