Author Question: A new tax introduced by the government will: a. decrease disposable income. b. increase disposable ... (Read 56 times)

TVarnum · **on:** Jun 30, 2018

A new tax introduced by the government will:
a. decrease disposable income.
b. increase disposable income.
c. lead to a reduction in government spending.
d. lead to an increase in government spending.
e. have no effect on disposable income.

Question 2

If a firm's average variable cost curve is rising, its marginal cost must exceed its average variable cost.
a. True
b. False
Indicate whether the statement is true or false