If the rich pay more in taxes than the poor, the tax system must be progressive
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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Economics
If a firm is hiring variable resources D and F in perfectly competitive input markets, it will minimize the cost of producing any level of output by employing D and F in such amounts that:
A. the price of each input equals its MP. B. MP D = MP F . C. MP D /P D = MP F /P F . D. MP D /P F = MP F /P D
Economics