In 2003, the Social Security tax was around _____ of total ...

[debasdf]

In 2003, the Social Security tax was around _____ of total federal taxes.
 
  a. 17 percent
  b. 26 percent
  c. 31 percent
   d. 39 percent

Question 2

If a monopolist's production process has economies of scale and average cost exceeds marginal cost, then
 
  A) the government could set price equal to marginal cost and subsidize the monopoly.
  B) the government should not offer a subsidy, since the monopoly can make a profit setting price equal to marginal costs.
  C) if the government sets price equal to average cost, the monopoly will go out of business.
  D) the government cannot regulate price.

[carlsona147]

Answer to Question 1

d

Answer to Question 2

A

[debasdf]

YES! Correct, THANKS for helping me on my review

[kishoreddi]

Thanks for the timely response, appreciate it