Author Question: Refer to Figure 11-15. Suppose Hilda produces 100 gooseberry pies. What is the marginal rate of ... (Read 126 times)

abarnes

  • Hero Member
  • *****
  • Posts: 556
Refer to Figure 11-15. Suppose Hilda produces 100 gooseberry pies. What is the marginal rate of technical substitution of labor for capital when labor is increased from 10 to 20 hours?
 
  A) 1 unit of capital B) 10 units of capital C) 14 units of capital D) 24 units of capital

Question 2

A proportional tax is a tax for which people with lower incomes
 
  A) pay a lower percentage of their incomes in tax than do people with higher incomes.
  B) pay the same percentage of their incomes in tax as do people with higher incomes.
  C) pay the same amount of taxes as people with higher incomes pay.
  D) pay a higher percentage of their incomes in tax than do people with higher incomes.



bblaney

  • Sr. Member
  • ****
  • Posts: 323
Answer to Question 1

A

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Allergies play a major part in the health of children. The most prevalent childhood allergies are milk, egg, soy, wheat, peanuts, tree nuts, and seafood.

Did you know?

There are more nerve cells in one human brain than there are stars in the Milky Way.

Did you know?

Illicit drug use costs the United States approximately $181 billion every year.

Did you know?

Barbituric acid, the base material of barbiturates, was first synthesized in 1863 by Adolph von Bayer. His company later went on to synthesize aspirin for the first time, and Bayer aspirin is still a popular brand today.

Did you know?

The most destructive flu epidemic of all times in recorded history occurred in 1918, with approximately 20 million deaths worldwide.

For a complete list of videos, visit our video library