The Medicare payroll tax is also called a _______________ tax, which is a flat percentage of all wages earned.
a. progressive
b. regressive
c. proportional
d. marginal
c. proportional
Economics
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Refer to the following graph. The price of labor is $3 per unit:
How many units of labor should a firm use in order to produce 100 units of output at the least cost?
A. 15 units of labor B. 10 units of labor C. 5 units of labor D. 20 units of labor
Economics
The table above shows the total cost incurred by Sue's Coat Shop, a perfectly competitive firm. If the market price of a coat is $285, Sue's will maximize economic profit by selling ________ coats a day
A) 7 B) 11 C) 8 D) 9
Economics