Total cost divided by the total number of inputs is called:
a. marginal cost
b. average cost
c. total cost
d. variable cost
b
Economics
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Explain and give some examples of governmental policy problems
What will be an ideal response?
Economics
Under a progressive tax system:
a. the average tax rate increases with increases in real GDP. b. the average tax rate remains constant with changes in real GDP. c. the average tax rate falls with increases in real GDP. d. government tax receipts increase when the economy is in a recession. e. government tax receipts decrease when the economy is expanding.
Economics