Two of the firms involved in the accounting scandals of the early 2000s were

In response to a negative income tax, the substitution of leisure for income could be great enough to reduce total income

a. True b. False

A specific tax of $1 per unit of output will affect a firm's

A) average total cost, average variable cost, average fixed cost, and marginal cost. B) average total cost, average variable cost, and average fixed cost. C) average total cost, average variable cost, and marginal cost. D) marginal cost only.