« previous next »

Author Question: A consumer will maximize utility when all income is spent and the marginal utility is equal for all ... (Read 128 times)

corkyiscool3328

  • Hero Member
  • *****
  • Posts: 539
on: Jun 29, 2018
A consumer will maximize utility when all income is spent and the marginal utility is equal for all goods.
 
  Indicate whether the statement is true or false

Question 2

Consider the country of Inland. In Inland, people's average tax rates decrease with the level of income. Inland has a ________ tax structure.
 
  A) progressive
  B) regressive
  C) proportional
  D) flat-rate


alexisweber49

  • Sr. Member
  • ****
  • Posts: 311
Reply #1 on: Jun 29, 2018
Answer to Question 1

FALSE

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Medications that are definitely not safe to take when breastfeeding include radioactive drugs, antimetabolites, some cancer (chemotherapy) agents, bromocriptine, ergotamine, methotrexate, and cyclosporine.

Did you know?

Colchicine is a highly poisonous alkaloid originally extracted from a type of saffron plant that is used mainly to treat gout.

Did you know?

People with high total cholesterol have about two times the risk for heart disease as people with ideal levels.

Did you know?

Anti-aging claims should not ever be believed. There is no supplement, medication, or any other substance that has been proven to slow or stop the aging process.

Did you know?

Carbamazepine can interfere with the results of home pregnancy tests. If you are taking carbamazepine, do not try to test for pregnancy at home.

Remedies for insomnia include increased physical exercise and time spent outdoors. Remedies for insomnia include increased physical exercise and time spent outdoors.
A passenger train crosses Stony Creek Bridge in the Rocky Mountains in 1878. Railroads were importan A passenger train crosses Stony Creek Bridge in the Rocky Mountains in 1878. Railroads were importan
Race-Ethnicity and Income Extremes Race-Ethnicity and Income Extremes
Pressure testing the cooling system. A typical hand-operated pressure tester applies pressure equal ... Pressure testing the cooling system. A typical hand-operated pressure tester applies pressure equal ...
Ten Leading Causes of Death in Low-Income Countries, 2008 Ten Leading Causes of Death in Low-Income Countries, 2008
From Farm to Consumer From Farm to Consumer
Video: Central Nervous System Animation

For a complete list of videos, visit our video library