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Author Question: A Texas oil woman would like to increase the oil produced from her oil fields. Since it takes over a ... (Read 48 times)

mckennatimberlake

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on: Jun 30, 2018
A Texas oil woman would like to increase the oil produced from her oil fields. Since it takes over a year to drill new wells, she opts instead for increasing labor and other variable inputs to produce more oil from existing wells. She is making a short-run production decision.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

If the tax rate increases with an increase in income, the income tax structure is said to be _____.
 a. proportional
  b. regressive
  c. progressive
  d. lump-sum
  e. negatively skewed


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fromAlphatoOmega22

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

True

Answer to Question 2

c


mckennatimberlake

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

robbielu01

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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