The individual firm maximizes its total profit by producing the level of output at which the difference between marginal revenue and marginal cost is as large as possible

Explain why "good news for the economy is bad news for bond prices."

What will be an ideal response?

Suppose a state has the following individual income tax structure.The first $20,000 that an individual earns is taxed at 5%. The next $30,000 is taxed at 10%. Any income exceeding $50,000 is taxed at 20%.Based on this tax structure, if a person's income is equal to $60,000 . his average tax rate is equal to:

a. 15% b. 10% c. 11.67% d. 20%