If the marginal tax rate equals the average tax rate, the tax would be

__________ is not a cash flow associated with a bond

A) Payment to purchase a bond B) Periodic interest payments C) Periodic dividend payments D) Repayment of the face value when the bond matures

The switch to the use of ethanol in gasoline is driven primarily by its relatively lower price. Assuming a competitive market, what effect would this change have on the equilibrium price and output for gasoline?

A) Price rises, output falls. B) Price falls, output rises. C) Price rises, output rises. D) Price falls, output falls.