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Author Question: Isoquant lines represent ________ whereas isocost lines represent ________. A) technical ... (Read 241 times)

jrubin

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on: Jul 1, 2018
Isoquant lines represent ________ whereas isocost lines represent ________.
 
  A) technical efficiency; economic efficiency
  B) economic efficiency; technical efficiency
  C) economic efficiency; marginal costs
  D) input tradeoffs; economic tradeoffs

Question 2

Which of the following are counterarguments to the viewpoint that taxes are social tools by which we can achieve a more equal society?
 
  a. Redistribution of income through government is unfair coercion of those with higher incomes.
  b. Inequality is frequently the result of higher productivity and thus is just.
  c. Equality of income occurs naturally over the life cycle so redistribution at one point in time disrupts this natural process.
  d. a and b
  e. a and c


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Ahernandez18

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Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

d


jrubin

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Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

kswal303

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Reply 3 on: Yesterday
Excellent

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