A ____________ curve graphically shows the? trade-off that occurs when more of one output is obtained at the sacrifice of another. This curve is a graphical representation? of, among other? things, opportunity cost.
Fill in the blank(s) with the appropriate word(s).
production possibilities
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The use of sensitivity analysis will generally result in
A) the calculation of a certainty equivalent NPV. B) the calculation of a best case, a base case and a worst case. C) the calculation of the coefficient of variation. D) the calculation of the probability of the maximum profit.
The ability-to-pay principle of taxation:
a .has been declared unconstitutional because it deprives individuals of property without due process of law. b. suggests that people should pay taxes in proportion to the benefits they derive from public goods and services. c. suggests that taxes should vary directly with people's income and wealth. d. suggests that taxes should vary inversely with people's income and wealth.