Author Question: According to the above figure, if steel mills ignore the cost of pollution, the equilibrium quantity ... (Read 82 times)

Frost2351 · **on:** Jun 29, 2018

According to the above figure, if steel mills ignore the cost of pollution, the equilibrium quantity of steel will most likely be

A) Q1.
B) Q2.
C) Q2 - Q1.
D) none of the above.

Question 2

In a progressive income tax system,

A) the marginal tax rate exceeds the average tax rate.
B) the average tax rate exceeds the marginal tax rate.
C) high income earners pay a lower percentage of their income in taxes than do low income earners.
D) the tax rate depends solely on how long an individual has been in the labor force.