A firm that is operating at a loss may continue to operate for a while because of costs that it will still have to pay even if production ceases.

Which of the following accounts for the largest source of revenue for the federal government?

a. sales tax b. federal property tax c. personal income tax d. corporate income tax e. borrowing

Influence cost is a type of _____ incurred while filling positions that have similar responsibilities but carry different pay

a. deadweight loss b. opportunity cost c. externality d. social cost