Which of the following properly ranks the size of tax revenues received by the federal government from highest to lowest?
A. Corporate taxes, Social Security payroll taxes, income taxes, and excise taxes.
B. Social Security payroll taxes, excise taxes, corporate taxes, and income taxes.
C. Income taxes, Social Security payroll taxes, corporate taxes, and excise taxes.
D. Excise taxes, Social Security payroll taxes, income taxes, and corporate taxes.
Answer: C
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The table above shows the short-run product schedule for Virginia's Tee-Shirts. What is the average product associated with hiring the fourth worker?
A) 40 shirts B) 55 shirts C) 50 shirts D) 220 shirts
The idea behind price discrimination is
a. To be able to sell to high-value customers, who value the product most b. To be able to sell to the marginal customers, who are indifferent about the purchase c. To be able to sell to the low-value customers, who would otherwise not buy the product d. To be able to sell to both high and low value customers at different prices