Toys for Toddlers, Inc, sells in a perfectly competitive market, ...

[ssal]

Toys for Toddlers, Inc, sells in a perfectly competitive market, with an equilibrium price of 5 . Its marginal revenue:
 a. is greater than 5.
  b. is 5.
 c. is less than 5.
 d. is less than zero.

Question 2

The Robin Hood tax policy, which taxes the rich to give to the poor, is best described by economists as:
 a. a proportional tax policy.
  b. a regressive tax policy.
  c. a poll tax policy.
  d. a progressive tax policy.
  e. a capital tax policy.

[JaynaD87]

Answer to Question 1

b

Answer to Question 2

d

[ssal]

Thanks for the timely response, appreciate it

[ryansturges]

TYSM