The percentage of additional income that will have to be paid in tax is an individual's _____
a. marginal tax rate
b. average tax rate
c. proportional tax rate
d. flat tax rate
a
Economics
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If the government grants a firm a public franchise to supply coal, a monopoly is created by
A) a natural barrier to entry. B) a legal barrier to entry. C) price discrimination. D) All of the above answers are correct.
Economics
A study of what manufacturers thought their average total cost curves look like revealed that most
a. believe their ATC is downward sloping b. believe their ATC is horizontal c. believe their ATC is upward sloping d. believe their ATC is U-shaped e. do not know what their ATC looks like
Economics