Author Question: Refer to Figure 11-15. Suppose Hilda produces 100 gooseberry pies. What is the marginal rate of ... (Read 192 times)

abarnes

  • Hero Member
  • *****
  • Posts: 556
Refer to Figure 11-15. Suppose Hilda produces 100 gooseberry pies. What is the marginal rate of technical substitution of labor for capital when labor is increased from 10 to 20 hours?
 
  A) 1 unit of capital B) 10 units of capital C) 14 units of capital D) 24 units of capital

Question 2

A proportional tax is a tax for which people with lower incomes
 
  A) pay a lower percentage of their incomes in tax than do people with higher incomes.
  B) pay the same percentage of their incomes in tax as do people with higher incomes.
  C) pay the same amount of taxes as people with higher incomes pay.
  D) pay a higher percentage of their incomes in tax than do people with higher incomes.



bblaney

  • Sr. Member
  • ****
  • Posts: 323
Answer to Question 1

A

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The familiar sounds of your heart are made by the heart's valves as they open and close.

Did you know?

Approximately 15–25% of recognized pregnancies end in miscarriage. However, many miscarriages often occur before a woman even knows she is pregnant.

Did you know?

The average office desk has 400 times more bacteria on it than a toilet.

Did you know?

Thyroid conditions may make getting pregnant impossible.

Did you know?

According to the CDC, approximately 31.7% of the U.S. population has high low-density lipoprotein (LDL) or "bad cholesterol" levels.

For a complete list of videos, visit our video library