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Author Question: The excess burden of an income tax is a function of the _____. a. average tax rate b. flat tax ... (Read 34 times)

Beheh

  • Hero Member
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  • Posts: 520
on: Jul 1, 2018
The excess burden of an income tax is a function of the _____.
 
  a. average tax rate
  b. flat tax rate
  c. marginal tax rate
   d. Laffer curve

Question 2

If a strategy is a best response, then
 
  A) it will never be played.
  B) it will never be part of a Nash equilibrium.
  C) A and B are correct.
  D) it could be part of a Nash equilibrium.


mochi09

  • Sr. Member
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  • Posts: 335
Reply #1 on: Jul 1, 2018
Answer to Question 1

c

Answer to Question 2

D


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