If the marginal cost of producing vanity license plates is virtually zero (by prison inmates with little else to do), then states would maximize their profits on plate sales at the point on a linear demand curve where

The slope of the budget line represents the rate at which the consumer is willing to trade one good for another at any given bundle

Indicate whether the statement is true or false

The main purpose of the Fed is to:

a. serve as the bankers' bank for member banks. b. regulate interest rates. c. print Federal Reserve Notes. d. regulate financial institutions. e. maintain the proper functioning of our money system.