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Author Question: The concept of progressive, proportional, and regressive taxation is positive in nature. a. True ... (Read 223 times)

roselinechinyere27m

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on: Jul 1, 2018
The concept of progressive, proportional, and regressive taxation is positive in nature.
 
  a. True b. False

Question 2

Suppose the production of mp3 players can be represented by the following production function: q = L0.4K0.4. Which of the following statements is TRUE?
 
  A) The production function has decreasing returns to scale.
  B) The production function has increasing returns to scale.
  C) The production function has constant returns to scale.
  D) Returns to scale vary with the level of output.
Microeconomics ¦ Perloff ¦ 8th Edition
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popopong

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

a

Answer to Question 2

A


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