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 70 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?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

Did you know?

The human body produces and destroys 15 million blood cells every second.

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Did you know?

People about to have surgery must tell their health care providers about all supplements they take.

Did you know?

Although not all of the following muscle groups are commonly used, intramuscular injections may be given into the abdominals, biceps, calves, deltoids, gluteals, laterals, pectorals, quadriceps, trapezoids, and triceps.

Taking attendance in the genome Taking attendance in the genome
Blocked at every turn by congressional Republicans who hated him, President Obama turned to techniqu Blocked at every turn by congressional Republicans who hated him, President Obama turned to techniqu
To cleanse an open wound, begin close to the wound and work outward in full or half circles. To cleanse an open wound, begin close to the wound and work outward in full or half circles.
Work and Gender: Women at Work in India Work and Gender: Women at Work in India
After lowering the vehicle, be sure all arms of the lift are moved out of the way before driving the ... After lowering the vehicle, be sure all arms of the lift are moved out of the way before driving the ...
The Economics of Money, Banking and Financial Markets, Business School Edition The Economics of Money, Banking and Financial Markets, Business School Edition
Video: Calvin Cycle Explained!

For a complete list of videos, visit our video library