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Author Question: The government of Silverado raises revenue through a general income tax paid by all its residents to ... (Read 81 times)

debasdf

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on: Jun 29, 2018
The government of Silverado raises revenue through a general income tax paid by all its residents to operate the city's marina. The marina is used by private boat owners. This method of raising revenue to operate the marina is
 
  A) inconsistent with the benefits-received principle.
  B) consistent with the benefits-received principle.
  C) consistent with the ability-to-pay principle.
  D) inconsistent with the ability-to-pay principle.

Question 2

A firm could continue to operate for years without ever earning a profit as long as it is producing an output where
 
  A) ATC > AVC. B) AFC < AVC. C) MR > AVC. D) MR < ATC.
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
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mirabriestensky

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

C


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