Assume That the Consumption Function Is Given by C =

question 140

Multiple Choice

Assume that the consumption function is given by C = 150 + 0.85(Y - T) , the tax function is given by T = t
+ t Y, and Y is 5,000. If t
Decreases from 0.3 to 0.2, then consumption
0 1
Increases by:
1

• A)85.
• B)425.
• C)500.
• D)525.

---

Definitions:

Per Se Approach

A legal principle where certain conduct is considered inherently illegal without needing to prove its harm to competition.

Rule of Reason Analysis

A legal doctrine used in antitrust law to determine if a business practice is anticompetitive, considering the practice's purpose, effects, and justifications.

2004 Amendments

Refers to specific changes or additions made to legislation or regulations in the year 2004.

Corporate Offenders

Companies or their representatives who violate laws or regulations, thereby committing corporate crime.