« previous next »

Author Question: In general, the optimal taxation literature finds that a society can maximize social welfare through ... (Read 78 times)

EAugust

  • Hero Member
  • *****
  • Posts: 550
on: Jul 1, 2018
In general, the optimal taxation literature finds that a society can maximize social welfare through income redistribution.
 
  a. True b. False

Question 2

Suppose firms A and B each make T-shirts. Firm A's production function is q = L0.5 K0.5. Firm B's production function is q = 1.2  L0.5 K0.5.
 
  If the two firms each hire the same amounts of capital and labor, compare the two firms in terms of APL and MPL.


aruss1303

  • Sr. Member
  • ****
  • Posts: 314
Reply #1 on: Jul 1, 2018
Answer to Question 1

a

Answer to Question 2

Firm B's APL and MPL will equal 1.2 times the APL and MPL of firm A.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

There are actually 60 minerals, 16 vitamins, 12 essential amino acids, and three essential fatty acids that your body needs every day.

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

Did you know?

The training of an anesthesiologist typically requires four years of college, 4 years of medical school, 1 year of internship, and 3 years of residency.

Did you know?

There are more bacteria in your mouth than there are people in the world.

Did you know?

Long-term mental and physical effects from substance abuse include: paranoia, psychosis, immune deficiencies, and organ damage.

In some species, dominant females have more surviving offspring that mature earlier indicating an ad In some species, dominant females have more surviving offspring that mature earlier indicating an ad
A taxonomy of primate social systems. Larger symbols indicate adults. A taxonomy of primate social systems. Larger symbols indicate adults.
Body Part, Method of Examination, and Equipment Used During the General Physical Examination Cont. Body Part, Method of Examination, and Equipment Used During the General Physical Examination Cont.
Stressing that education reproduces a country’s social class system, conflict theorists point out ... Stressing that education reproduces a country’s social class system, conflict theorists point out ...
The social movement that centers on the environment has become global. In all nations, people are ... The social movement that centers on the environment has become global. In all nations, people are ...
General Mathematics General Mathematics
Video: Male Reproductive System - The gonadotropin releasing hormone

For a complete list of videos, visit our video library