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Author Question: If taxes are a lump sum amount, then the AEfunction is (Read 52 times)

sabina

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on: Apr 19, 2019

Question 1

In which case will the government collect more tax revenue?


◦ 50% tax rate and $50,000 average income
◦ 70% tax rate and $20,000 average income
◦ 10% tax rate and $120,000 average income
◦ 5% tax rate and $200,000 average income

Question 2

If taxes are a lump sum amount, then the 
AE function is


◦ flatter than if taxes are a function of income.
◦ steeper than if taxes are a function of income.
◦ vertical.
◦ downward sloping.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by sabina on Apr 19, 2019

catron30

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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sabina

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Reply 2 on: Apr 19, 2019
Great answer, keep it coming :)

meow1234

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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