If you know that when a firm produces 10 units of output, total cost is $1,030 and average fixed cost is $10, then total variable cost is

Consider a world with three income earners. Individual A earns $20,000 and pays $1,000 in taxes. Individual B earns $50,000 and pays $5,000 in taxes. Individual C earns $100,000 and pays $2,000 in taxes

Which of the following best classifies the income tax system in this world? a. proportional b. progressive c. regressive d. none of the above

The Secretary of Labor states that wage rates in the country have risen by 2 percent this past year. The head of a local labor union states that wage gains have not kept pace with the 3 percent rate of inflation. The Secretary's statement is a ___________ economic statement, and the labor head's statement is a(n) _____________ economic statement

a. normative; normative b. normative; positive c. positive; normative d. positive; positive e. proper; improper