Refer to Figure 11-18. Starting from point E, a movement along ...

[lindiwe]

Refer to Figure 11-18. Starting from point E, a movement along the isocost to point F
 
  A) decreases output but not the total cost of production.
  B) decreases both the total cost of production and output.
  C) decreases the total cost of production but not output.
  D) increases the total cost of production and decreases output.

Question 2

If the marginal tax rate is greater than the average tax rate, the tax structure is described as regressive.
 
  Indicate whether the statement is true or false

[sarah_brady415]

Answer to Question 1

A

Answer to Question 2

FALSE