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Author Question: Assume that a firm's total revenue is less than its total cost for the level of output it is ... (Read 79 times)

jayhills49

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on: Jun 30, 2018
Assume that a firm's total revenue is less than its total cost for the level of output it is producing. In the short run, this firm should:
 a. expand output.
 b. contract output.
 c. shut down.
 d. There is not enough information to answer the question.

Question 2

A proportional tax is a tax whose rate increases as the tax base widens.
 a. True
  b. False
  Indicate whether the statement is true or false


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leahchrapun

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Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

False


jayhills49

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

shailee

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Reply 3 on: Yesterday
:D TYSM

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