In the above table, if the price of labor is $10 per hour and the price of capital is $20 per unit, what is the total cost of Technique W?

If a household has $40,000 in taxable income and its tax liability is $20,000, the household's average tax rate is

a. 10 percent. b. 25 percent. c. 40 percent. d. 50 percent

Mary purchases a U.S. Treasury bond; the bond is a(n):

A. asset of the U.S. government as well as an asset for Mary. B. asset for the government but a liability for Mary. C. asset for Mary but not a liability of the U.S. Government. D. liability of the U.S. government and an asset for Mary.