Author Question: An income tax for which the average tax rate is constant called a A) regressive income tax. B) ... (Read 168 times)

darbym82 · **on:** Jun 29, 2018

An income tax for which the average tax rate is constant called a

A) regressive income tax.
B) proportional income tax.
C) marginal income tax.
D) progressive income tax.

Question 2

Tom's marginal utility of Mountain Dew exceeds his marginal utility of crackers at his consumer equilibrium. Therefore, his consumer surplus from Mountain Dew must exceed his consumer surplus from crackers.

Indicate whether the statement is true or false