If it costs 6.00 to go to the movies and 25.00 to go to a hockey game, Tom is maximizing his utility between movies and hockey if his marginal utility of movies is 12 units and his marginal utility from hockey is 50.
Indicate whether the statement is true or false
Question 2
An income tax system in which the average tax rate decreases with the level of income is called a
A) progressive income tax system.
B) proportional income tax system.
C) regressive income tax system.
D) flat-rate income tax system.
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