Author Question: In 2003, the Social Security tax was around _____ of total federal taxes. a. 17 percent b. 26 ... (Read 27 times)

debasdf · **on:** Jul 1, 2018

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.