Which of the following formulas is most representative of a negative income tax proposal?
a. Taxes Owed = (1/4 of Income) $2
b. Taxes Owed = (1/2 of Income) 3/4
c. Taxes Owed = (1/2 of Income) + $10,000
d. Taxes Owed = (1/3 of Income) - $10,000
d
Economics
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If a regulatory board wanted to make sure that a natural monopoly chose a price resulting in the efficient level of output, it should set a price equal to: a. marginal cost
b. average fixed cost. c. average variable cost. d. average total cost.
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Price floors cause ______.
a. surpluses b. shortages c. scarcity d. equilibrium
Economics