Economies of scale can be caused by all of the following except:

a. price discounts for large scale purchases.
b. labor specialization.
c. use of more productive equipment.
d. increases in the firm's average total cost.
e. more cost-efficient methods of marketing.

d

Economics

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An income tax for which the average tax rate decreases with income is called a

A) regressive income tax. B) proportional income tax. C) flat-rate income tax. D) progressive income tax.

Economics

Costs should always be evaluated before determining benefits.

A. True B. False C. Uncertain

Economics