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Author Question: A decrease in which of the following would decrease the tax wedge? A) federal budget deficit B) ... (Read 26 times)

craiczarry

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on: Jun 29, 2018
A decrease in which of the following would decrease the tax wedge?
 
  A) federal budget deficit B) national debt
  C) money supply D) marginal tax rate

Question 2

Explain the relationship between price, short-run marginal cost, short-run average cost and long-run average cost in the final long-run competitive equilibrium condition. What are economic profits in this long-run equilibrium condition?
 
  What will be an ideal response?


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macagnavarro

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

P = SRMC = SRAC = LRAC. Economic profits are zero.


craiczarry

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

Bigfoot1984

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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