« previous next »

Author Question: In general, the optimal taxation literature finds that a society can maximize social welfare through ... (Read 132 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?

Normal urine is sterile. It contains fluids, salts, and waste products. It is free of bacteria, viruses, and fungi.

Did you know?

Asthma attacks and symptoms usually get started by specific triggers (such as viruses, allergies, gases, and air particles). You should talk to your doctor about these triggers and find ways to avoid or get rid of them.

Did you know?

Famous people who died from poisoning or drug overdose include, Adolf Hitler, Socrates, Juan Ponce de Leon, Marilyn Monroe, Judy Garland, and John Belushi.

Did you know?

Nitroglycerin is used to alleviate various heart-related conditions, and it is also the chief component of dynamite (but mixed in a solid clay base to stabilize it).

Did you know?

Adult head lice are gray, about ? inch long, and often have a tiny dot on their backs. A female can lay between 50 and 150 eggs within the several weeks that she is alive. They feed on human blood.

This map shows the percentage of Protestants by state in Germany. When compared to the previous map This map shows the percentage of Protestants by state in Germany. When compared to the previous map
General Motors, Cadillac Fleetwood. General Motors, Cadillac Fleetwood.
As the glass ceiling slowly cracks, women are gaining entry into the top positions of society. Shown ... As the glass ceiling slowly cracks, women are gaining entry into the top positions of society. Shown ...
Economic and Social Development Economic and Social Development
How to prove the derivative of the general logarithmic function How to prove the derivative of the general logarithmic function
Created Equal: A Social and Political History of the United States, Brief Edition Created Equal: A Social and Political History of the United States, Brief Edition
Video: Embryonic development - Weeks 5 to 8

For a complete list of videos, visit our video library