Which of the following statements is true of the tax on gasoline?
a. The cost of collecting a gasoline tax outweighs the revenues raised by the tax.
b. It is preferred to tolls as the best solution to road congestion.
c. It discourages driving on noncongested roads, even though there is no congestion externality for these roads.
d. Both b and c are correct.
c
Economics
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When marginal product is negative, the slope of the total product curve must be negative.?
Indicate whether the statement is true or false.
Economics
The marginal cost curve intersects the average variable cost curve at the ________ value of the average variable cost curve.
A. average B. minimum C. zero D. maximum
Economics