Author Question: The above figure shows the marginal private cost curve, marginal social cost curve, and marginal ... (Read 219 times)

Mr3Hunna · **on:** Jun 29, 2018

The above figure shows the marginal private cost curve, marginal social cost curve, and marginal social benefit curve for raising goats on a common pasture.

A quota to prevent the overuse of the common pasture sets the number of goats to be raised equal to ________. A) 0 goats
B) 40 goats
C) 50 goats
D) 55 goats

Question 2

The federal income tax in the United States is

A) regressive.
B) proportional.
C) progressive.
D) a flat-rate tax.