People on welfare often face the highest marginal tax rates of anyone because ______.
a. of our regressive income tax system
b. of the non-deducibility of state sales taxes
c. of the loss of entitlement payments when earning additional income
d. of increasing marginal utility of income
Question 2
For a linear demand curve that is downward sloping, the marginal revenue curve
A) will be to the left of the demand curve and twice as steep.
B) will be to the right of the demand curve and twice as steep.
C) will be to the left of the demand curve and half as steep.
D) will be the same as the demand curve.
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