A Texas oil woman would like to increase the oil produced from ...

[mckennatimberlake]

A Texas oil woman would like to increase the oil produced from her oil fields. Since it takes over a year to drill new wells, she opts instead for increasing labor and other variable inputs to produce more oil from existing wells. She is making a short-run production decision.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

If the tax rate increases with an increase in income, the income tax structure is said to be _____.
 a. proportional
  b. regressive
  c. progressive
  d. lump-sum
  e. negatively skewed

[fromAlphatoOmega22]

Answer to Question 1

True

Answer to Question 2

c

[mckennatimberlake]

Wow, this really help

[olderstudent]

Thanks for the timely response, appreciate it