In the long run, all of a firm's inputs are variable

In what type of analysis will an increase in the tax rate always lead to an increase in tax revenues?

A) ad valorem taxation B) excise taxation C) dynamic tax analysis D) static tax analysis

Opportunity cost is

A) the combined value of all the alternatives not selected. B) the same thing as the money price of a good. C) the value of the next best alternative which was given up. D) based on the intrinsic value of the good itself.