Which of the following will decrease the break-even quantity?
a. Falling fixed costs
b. Increasing marginal costs
c. An increase in the price
d. Both A&C
d
Economics
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In the market for insurance
a. The high risk customers would remain unserved b. The low risk customers would remain unserved c. Both the types of customers would be served d. Neither type of customer would be served
Economics
Which tax system requires higher-income taxpayers to have lower tax rates, even though they pay a larger amount of tax when compared to lower-income taxpayers?
a. a proportional tax b. a progressive tax c. a regressive tax d. a lump-sum tax
Economics