« previous next »

Author Question: When long-run average cost decreases as output increases, there are definitely I. increasing ... (Read 39 times)

Themember4

  • Hero Member
  • *****
  • Posts: 538
on: Jun 29, 2018
When long-run average cost decreases as output increases, there are definitely I. increasing marginal returns. II. economies of scale.
 
  A) only I
  B) only II
  C) both I and II
  D) neither I nor II

Question 2

Which of the following taxes causes the greatest shift of the Lorenz curve toward the line of equality?
 
  A) proportional income tax
  B) regressive income tax
  C) flat-rate income tax
  D) progressive income tax


parshano

  • Sr. Member
  • ****
  • Posts: 333
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Parkinson's disease is both chronic and progressive. This means that it persists over a long period of time and that its symptoms grow worse over time.

Did you know?

Certain topical medications such as clotrimazole and betamethasone are not approved for use in children younger than 12 years of age. They must be used very cautiously, as directed by a doctor, to treat any child. Children have a much greater response to topical steroid medications.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Did you know?

Chronic necrotizing aspergillosis has a slowly progressive process that, unlike invasive aspergillosis, does not spread to other organ systems or the blood vessels. It most often affects middle-aged and elderly individuals, spreading to surrounding tissue in the lungs. The disease often does not respond to conventionally successful treatments, and requires individualized therapies in order to keep it from becoming life-threatening.

Anopheles larva from southern Germany, about 8 mm long Anopheles larva from southern Germany, about 8 mm long
Does It Cost More to Eat Healthy? Does It Cost More to Eat Healthy?
Types of Long-Term Memories Types of Long-Term Memories
A random sample of 87 airline pilots recruited by an airline service had an average yearly ... A random sample of 87 airline pilots recruited by an airline service had an average yearly ...
Beak size in finches during dry years increases because of strong selection Beak size in finches during dry years increases because of strong selection
Long division of polynomials Long division of polynomials
Video: Mendel's pea plant, Pisum sativum experimental

For a complete list of videos, visit our video library