A progressive tax

a. is one that taxes those with higher incomes at a higher rate than those with lower incomes.
b. takes a similar percentage in the form of taxes from those with higher incomes as it does from those with lower incomes.
c. takes a higher percentage of income in the form of taxes from those with lower incomes than from those with higher incomes.
d. is any tax in which the dollar amount of taxes paid increases with income.

A

Economics

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As a monopolist increases the quantity of output produced, what happens to price (P) and marginal revenue (MR)?

a. both P and MR remain constant b. P is constant, but MR decreases c. P decreases, but MR is constant d. both P and MR decrease, but P falls faster than MR e. both P and MR decrease, but MR falls faster than P

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