The marginal tax rate has less effect on economic incentives than does the average tax rate

An indifference curve represents bundles of goods that a consumer

A) views as equally desirable. B) ranks from most preferred to least preferred. C) refers to any other bundle of goods. D) All of the above.

A competitive producer supplies an additional unit of a good as long as the price is greater than the average per unit cost.

Answer the following statement true (T) or false (F)