Author Question: The only way that consumption can be taxed is through a general sales tax. a. True b. ... (Read 34 times)

serike · **on:** Jul 1, 2018

The only way that consumption can be taxed is through a general sales tax.

a. True b. False

Question 2

At the XYZ Co, a unit of capital costs 3 times as much as a unit of labor. If the isoquants are convex, and the firm does not change its input mix in the long run, we can conclude that

A) MPK = 3 MPL.
B) the firm will not hire any capital.
C) the firm will hire 3 times as much labor as capital.
D) the firm will hire 3 times as much capital as labor.