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Author Question: The only way that consumption can be taxed is through a general sales tax. a. True b. ... (Read 65 times)

serike

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on: Jul 1, 2018
The only way that consumption can be taxed is through a general sales tax.
 
  a. True b. False

Question 2

At the XYZ Co, a unit of capital costs 3 times as much as a unit of labor. If the isoquants are convex, and the firm does not change its input mix in the long run, we can conclude that
 
  A) MPK = 3  MPL.
  B) the firm will not hire any capital.
  C) the firm will hire 3 times as much labor as capital.
  D) the firm will hire 3 times as much capital as labor.


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memslove

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

b

Answer to Question 2

A


serike

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

bulacsom

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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