The average tax rate measures the
a. fraction of spending paid in taxes.
b. fraction of income paid in taxes.
c. incremental rate of tax on income.
d. average deadweight loss from all taxes.
b
Economics
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The figure above shows Tanya's consumption possibilities. Tanya spends $100 per month on movies and restaurant meals. The price of a movie ticket is ________ and the price of a restaurant meal is ________
A) $7; $15 B) $10; $10 C) $20; $5 D) $5; $20
Economics
The table above gives the demand for a monopolist's output. What is the total revenue when 3 units of output are produced?
A) $21 B) $20 C) $18 D) $6
Economics