The marginal tax rate is the total tax paid divided by the amount of taxable income

Due to an increase in the world price of cheese, the demand for the cheese exported by Petrovia decreases. This will result in a(n) _____ Petrovia's export function

a. upward shift of b. downward shift of c. upward movement along d. downward movement along

If marginal revenue is greater than marginal cost, the firm should

A) raise price. B) raise marginal revenue. C) increase its rate of output. D) decrease its rate of output.