« previous next »

Author Question: When long-run average cost decreases as output increases, there are definitely I. increasing ... (Read 69 times)

Themember4

  • Hero Member
  • *****
  • Posts: 538
on: Jun 29, 2018
When long-run average cost decreases as output increases, there are definitely I. increasing marginal returns. II. economies of scale.
 
  A) only I
  B) only II
  C) both I and II
  D) neither I nor II

Question 2

Which of the following taxes causes the greatest shift of the Lorenz curve toward the line of equality?
 
  A) proportional income tax
  B) regressive income tax
  C) flat-rate income tax
  D) progressive income tax


parshano

  • Sr. Member
  • ****
  • Posts: 333
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Eating food that has been cooked with poppy seeds may cause you to fail a drug screening test, because the seeds contain enough opiate alkaloids to register as a positive.

Did you know?

Congestive heart failure is a serious disorder that carries a reduced life expectancy. Heart failure is usually a chronic illness, and it may worsen with infection or other physical stressors.

Did you know?

Everyone has one nostril that is larger than the other.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

Patients who have undergone chemotherapy for the treatment of cancer often complain of a lack of mental focus; memory loss; and a general diminution in abilities such as multitasking, attention span, and general mental agility.

Feng Mengbo, Long March: Restart. Feng Mengbo, Long March: Restart.
The number of words correctly completed in the New York Times crossword puzzle increases with age ... The number of words correctly completed in the New York Times crossword puzzle increases with age ...
Long Term Control Medications Long Term Control Medications
Consider a two-period economy with no investment opportunities: first and second period output ... Consider a two-period economy with no investment opportunities: first and second period output ...
Flexible exchange rates are supposed to prevent long-term trade deficits. Flexible exchange rates are supposed to prevent long-term trade deficits.
Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ... Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ...
Video: Hypoglycemia Animation

For a complete list of videos, visit our video library