Author Question: The government of Silverado raises revenue through a general income tax paid by all its residents to ... (Read 159 times)

debasdf

  • Hero Member
  • *****
  • Posts: 570
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.


mirabriestensky

  • Sr. Member
  • ****
  • Posts: 325
Answer to Question 1

A

Answer to Question 2

C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

Did you know?

Only one in 10 cancer deaths is caused by the primary tumor. The vast majority of cancer mortality is caused by cells breaking away from the main tumor and metastasizing to other parts of the body, such as the brain, bones, or liver.

Did you know?

About 600,000 particles of skin are shed every hour by each human. If you live to age 70 years, you have shed 105 pounds of dead skin.

Did you know?

Prostaglandins were first isolated from human semen in Sweden in the 1930s. They were so named because the researcher thought that they came from the prostate gland. In fact, prostaglandins exist and are synthesized in almost every cell of the body.

Did you know?

Medication errors are three times higher among children and infants than with adults.

For a complete list of videos, visit our video library