Farmer Frank entered into a contract with Chef Neil to buy 200 pounds of potatoes, but Farmer Frank is to hold them in storage until a certain date in the near future. After the pick-up date has passed but before the potatoes go bad, Chef Neil fails to pay for the potatoes. If Farmer Frank sells the potatoes to a local diner to make potato soup and salad, then this action would be considered a(n)

Consider an economy where the government's budget is initially balanced. the production function, consumption function and investment function can be represented as follows y equals k to the power of alpha l to the power of 1 minus alpha end exponent c equals c subscript 0 plus b left parenthesis y minus t right parenthesis i equals i subscript 0 minus d r suppose that taxes increase. what happens to the equilibrium level of output?