At the point at which planned real consumption spending is equal to real disposable income
A) the consumption function is above the 45-degree line.
B) the consumption function intersects the savings function.
C) the consumption function intersects the 45-degree line.
D) the consumption function is below the 45-degree line.
C
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There are four firms in the cement industry in Richland. Firm A has a market share of 30%, Firm B has a market share of 20%, Firm C has a market share of 25%, and Firm D has a market share of 25%
The Herfindahl-Hirschman Index for the cement industry is ________. A) 50 B) 100 C) 2,550 D) 4,000
A socially-optimal price regulation will NOT work if:
A) marginal cost is less than average total cost. B) marginal cost is less than average fixed cost. C) marginal cost is greater than average total cost. D) marginal cost is greater than average fixed cost.