Ramon is able to buy gas at the price ceiling rate. In which section of this graph would his purchase be located?
a. between 0 and QS
b. between QS and Q2
c. between Q2 and QD
d. between QS and QD
a. between 0 and QS
Economics
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Many economists argue that an incentive to save is
A) strengthening the property rights that savers have to the physical capital they purchase. B) greater government regulation of the banking and securities industries. C) a tax on consumption rather than on income. D) a tax on income rather than a tax on consumption. E) high income tax rates.
Economics
Given a cost function C(Q) = 200 + 14Q + 8Q2, what is the marginal cost function?
A. 14 + 16Q B. 200 + 8Q2 C. 14 + 16Q2 D. 14Q + 8Q2
Economics