The level of an economic activity should be increased to the point where the ____
a. Marginal cost=0
b. Marginal revenue=0
c. Total revenue = Total cost
d. Marginal revenue – marginal cost=0
d
Economics
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The 2001 and 2003 tax cuts of the George W. Bush administration each had provisions to
A. phase out the estate tax. B. lower the earned income tax credit. C. raise tax rates at the lower end. D. raise tax rates at the upper end.
Economics
Which of the following is an example of a perfectly competitive market?
A. Apples B. Frozen yogurt shops C. Fast-food D. Cable company
Economics