A change in the level of an economic activity is desirable and should be undertaken as long as the marginal benefits exceed the ____
a. marginal returns
b. total costs
c. marginal costs
d. average costs
e. average benefits
c
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Social Security taxes and Medicare taxes are both progressive taxes
Indicate whether the statement is true or false
A tax on the buyers of coffee will
a. increase the price of coffee paid by buyers, increase the net price of coffee received by sellers, and increase the equilibrium quantity of coffee. b. decrease the price of coffee paid by buyers, increase the net price of coffee received by sellers, and decrease the equilibrium quantity of coffee. c. increase the price of coffee paid by buyers, decrease the net price of coffee received by sellers, and decrease the equilibrium quantity of coffee. d. increase the price of coffee paid by buyers, decrease the net price of coffee received by sellers, and increase the equilibrium quantity of coffee.