FICA is an example of a payroll tax, which is a tax on the wages that firms pay their workers

Kate's Great Crete (KGC) is a local monopolist of ready-mix concrete. Its annual demand function is Q = 20,000 - 400P, where P is the price, in dollars, of a cubic yard of concrete and Q is the number of cubic yards sold per year. What is KGC's marginal revenue function?

A. MR = 20,000 - 200Q B. MR = 400 - 10,000Q C. MR = 50 - (1/400)Q D. MR = 50 - 0.005Q

The higher the interest rate, the more costly it is to keep money in your non-interest-bearing checking account.

Answer the following statement true (T) or false (F)