The US state and local governments gains revenue from:

a. property taxes.
b. revenue from money creation.
c. customs.
d. all of the above.

Ans: a. property taxes.

Economics

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Refer to the table above. What is the average variable cost of producing 86 units of the good?

A) $30 B) $0.35 C) $2.1 D) $10

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The return that the entrepreneur can obtain in the best alternative business is called the

A) normal profit. B) economic profit. C) marginal profit. D) marginal revenue.

Economics