Social Studies, 04.12.2019 04:31 xojade
If the price of natural gas rises to a level where most home owners cannot afford to heat their homes, what could the government do? a) the government should raise taxes on the natural gas company to slow inflation. b) the government should lower taxes on the natural gas company to cut input costs. c) the government should set a minimum price natural gas can be sold, creating a price floor. d) the government should set a maximum price natural gas can be sold, creating a price ceiling.
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What is the rule relating the ratio of marginal utility to prices of two goods at the optimal choice? explain why, if this rule does not hold, the choice cannot be utility-maximizing.
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If the price of natural gas rises to a level where most home owners cannot afford to heat their home...
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