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Author Question: The primary concern of the 1964 tax reform was _____. a. fiscal stabilization b. macroeconomic ... (Read 74 times)

stevenposner

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on: Jul 1, 2018
The primary concern of the 1964 tax reform was _____.
 
  a. fiscal stabilization
  b. macroeconomic policy
  c. equity considerations
   d. efficiency considerations

Question 2

A firm is currently producing1140 units of output according to the production function q = L4/3K1/2 and faces input prices equal to w = 20 and r = 80. In the short run, capital is fixed at 5 units. In the long run, the firm's costs are
 
  A) lower because the firm substitutes towards more labor and away from capital.
  B) lower because the firm substitutes towards more capital and away from labor.
  C) higher because the firm substitutes towards more labor and away from capital.
  D) higher because the firm substitutes towards more capital and away from labor.


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pangili4

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Reply #1 on: Jul 1, 2018
Answer to Question 1

b

Answer to Question 2

B


stevenposner

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Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

ktidd

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Reply 3 on: Yesterday
Excellent

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