Define the average tax rate
The average tax rate is the total taxes paid divided by total income.
Economics
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What is the shape of the average total cost curve for a firm in the short run?
a. U-shaped. b. A horizontal line. c. A vertical line. d. A curve that slopes upward to the right.
Economics
A reduction in regulation will shift the aggregate:
a. supply curve leftward. b. supply curve rightward. c. demand curve leftward. d. demand curve rightward.
Economics