The ________ tax rate is the tax rate paid on any additional income earned.
A. average
B. total
C. proportional
D. marginal
Answer: D
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_____ is an arrangement between an attorney and the plaintiff, in which the latter agrees to pay a certain fraction of the money he/she wins to the former
a. Hourly billing b. Capitation c. Contingency d. Unitization
The aggregate production function shows us that increasing the number of workers employed will increase output at a constant rate
a. True b. False
What are the factors that contribute to productivity growth in the market economy and which of them is considered most important?
Consider a U-shaped long-run average cost curve that has a minimum efficient scale at 6,000 units of output. In this case, this industry would be
A) perfectly competitive if the market quantity demanded is 20,000 units. B) monopolistically competitive if the market quantity demanded is 12,000 units. C) an oligopoly if the market quantity demanded is 18,000 units. D) an oligopoly if the four-firm concentration ratio is more than 10 percent.