Which of the following is one of the functions of rental prices?
A) to redistribute income from landlords to renters
B) to redistribute income from renters to landlords
C) to signal to the local government when taxes on rental units should be increased
D) to ration the use of existing housing for current consumers
D
Economics
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Refer to Scenario 12.1 At the assumed annual inflation rate of 5 percent, approximately how much will the $6.00 pack of cigarettes cost in 30 years, when Jennifer reaches the retirement age of 60?
A) $16 B) $21 C) $33 D) $47
Economics
At the point where marginal cost equals average total cost, average total cost will be
A. at its maximum. B. at its minimum. C. increasing. D. decreasing.
Economics