The most important source of state tax revenue is the _____ tax.

Which of the following is negative for the "typical" consumer at some level of real disposable income?

A) average propensity to consume B) marginal propensity to save C) average propensity to save D) marginal propensity to consume

A firm finds that it must increase wages to attract extra workers. The firm will hire labor up to the point where the marginal:

A. Product of labor equals the wage rate B. Revenue product of labor is greater than the wage rate C. Revenue product of labor starts to decline D. Revenue product equals the additional cost of hiring an extra worker