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Author Question: A consumer will maximize utility when all income is spent and the marginal utility is equal for all ... (Read 160 times)

corkyiscool3328

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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

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

FALSE

Answer to Question 2

B


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