At the optimal or efficient level of an activity, the activity's marginal benefit must
A) be zero.
B) be greater than zero.
C) equal the marginal cost of the activity.
D) exceed the marginal cost of the activity.
C
Economics
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A lump-sum tax is a tax that
A) can be avoided by strategic behavior. B) does not depend on the actions of the economic agent being taxed. C) does not depend on the actions of the government. D) distorts economic decisions.
Economics
The three components of personal consumption expenditures are
a. durable goods, nondurable goods, and services b. durable goods, food, and housing c. durable goods, nondurable goods, and housing d. durable goods, services, and food e. durable goods, services, and transportation
Economics