The table above shows Tom's total utility from milkshakes and sodas. Tom's total budget for milkshakes and sodas is $20.00 per week. Milkshakes cost $2.00 each and sodas cost $.50 each

Acme Inc found a tricky way to conform to the letter of the law with respect to new EPA regulations, even though they violated the spirit of the law. This is called

A) the capture theory. B) collusive response. C) share-the-gains, share-the-pains theory. D) creative response.

The set of tangencies between isoquants and isocosts is the firm's

a. production function. b. returns to scale. c. output maximization curve. d. expansion path.