This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A man who thinks he would save money by driving to work rather than taking the bus, but who ... (Read 87 times)

plus1

  • Hero Member
  • *****
  • Posts: 676
on: Jun 29, 2018
A man who thinks he would save money by driving to work rather than taking the bus, but who nonetheless elects to take the bus because driving in rush-hour traffic frightens him, is
 
  A) behaving inefficiently.
  B) choosing what is for him the most efficient way to commute.
  C) rejecting economic efficiency for personal reasons.
  D) wasting scarce resources.

Question 2

Differentiate between the average tax rate and the marginal tax rate.
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Bsand8

  • Sr. Member
  • ****
  • Posts: 327
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

The average tax rate faced by a household is the total tax paid divided by total income earned. The marginal tax rate, on the other hand, refers to how much of the last dollar earned the household will pay in taxes.


plus1

  • Hero Member
  • *****
  • Posts: 676
Reply #2 on: Jun 29, 2018
Thank you


Bsand8

  • Sr. Member
  • ****
  • Posts: 327
Reply #3 on: Jun 29, 2018
No problemo


« previous next »
 

Did you know?

Human kidneys will clean about 1 million gallons of blood in an average lifetime.

Did you know?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

Did you know?

More than 30% of American adults, and about 12% of children utilize health care approaches that were developed outside of conventional medicine.

Did you know?

Methicillin-resistant Staphylococcus aureus or MRSA was discovered in 1961 in the United Kingdom. It if often referred to as a superbug. MRSA infections cause more deaths in the United States every year than AIDS.

Methicilli ...
Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

Decapods, from Ernst Haeckel's 1904 work Kunstformen der Natur Decapods, from Ernst Haeckel's 1904 work Kunstformen der Natur
The gaping hole in the destroyer USS Cole, in the port of Aden, Yemen, was the work of suicide bombe The gaping hole in the destroyer USS Cole, in the port of Aden, Yemen, was the work of suicide bombe
A mother dies, a father loses his leg—such calamities shattered poor urban families. Orphaned street A mother dies, a father loses his leg—such calamities shattered poor urban families. Orphaned street
How do men who work in traditionally feminine nurturng jobs and women who work in jobs that give ... How do men who work in traditionally feminine nurturng jobs and women who work in jobs that give ...
Work and Gender: Women at Work in India Work and Gender: Women at Work in India
It’s Easy To Look Sharp When You Haven’t Done Any Work It’s Easy To Look Sharp When You Haven’t Done Any Work
Video: Elementary kinetics

For a complete list of videos, visit our video library