Exempting food purchases from sales tax is consistent with the ability-to-pay principle, although not necessarily consistent with vertical equity

Indicate whether the statement is true or false

TRUE

Economics

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Let L represent the number of workers hired by a firm, and let Q represent that firm's quantity of output. Assume two points on the firm's production function are (L=6,Q=147) and (L=7,Q=184). The marginal product of the seventh worker is

a. 25 units of output. b. 27 units of output. c. 37 units of output. d. 184 units of output.

Economics

which of the following resulted from the smoot-hawley trade bill of 1930

What will be an ideal response?

Economics