Along the per worker production function, as the capital-labor ratio ________, increases in output per worker become progressively ________

All along the beach in San Diego, California are shops which rent boogie boards for $3 per hour. Tourists perceive that all rental boogie boards are identical and there are no restrictions on entry and exit in the boogie board market

Suppose Surf's Up is a boogie board rental shop. To maximize profits, Surf's Up would produce a quantity where A) Marginal revenue is greater than marginal cost. B) Marginal revenue is equal to marginal cost. C) Marginal revenue is less than marginal cost. D) Price is maximized.

Which statement best describes the overall tax and transfer systems of the United States?

A. Our tax system makes the after-tax distribution of income much more equal than the before-tax distribution B. Our tax system does not by itself reallocate income; transfer payments help redistribute income from rich to poor C. Although some Federal taxes are progressive, this effect is more than offset by the regressivity of state and local taxes which make the overall system extremely regressive D. Recent changes in corporate income taxes and payroll taxes have made our overall tax system more progressive