Which of the following categories of taxes provides funds for Social Security and Medicare?

The bigger the arc in the utility curve, the _________ the utility an individual obtains from a certain outcome as opposed to the ________________ from an uncertain gamble with the same expected payoff.

Fill in the blank(s) with the appropriate word(s).

What does the long-run average cost curve show?

A) the interaction between average fixed cost and marginal cost B) the lowest average cost to produce each output level in the long run C) the distinction between long-run fixed and long-run variable costs D) the lowest average marginal cost of producing each output level at any time E) Answers A, B, and C are correct.