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Author Question: According to the law of diminishing utility, _____. a. the same tax rate should be applied to every ... (Read 42 times)

mpobi80

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on: Jun 30, 2018
According to the law of diminishing utility, _____.
 a. the same tax rate should be applied to every dollar
  b. the rich people should have a lower tax rate as compared to poor people
  c. the rich people should have a higher tax rate as compared to poor people
  d. the total burden on the society from a tax will be less if proportional taxation is used
  e. the poorer people should not be taxed at all

Question 2

If Jason's fixed cost totals 400 with variable cost per unit of 10 at a quantity of 80 units, what would his average total cost at 80 units of output equal?
 a. 10
 b. 14
 c. 15
 d. 805


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kalskdjl1212

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Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

c


mpobi80

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

cdmart10

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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