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Author Question: When long-run average cost decreases as output increases, there are definitely I. increasing ... (Read 61 times)

Themember4

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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

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

D


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