Raising the tax rate lowers the tax-adjusted MPC
Indicate whether the statement is true or false
TRUE
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The following question relate to a community that is circular in nature with a one mile circumference. There are 81 people evenly distributed around the lake where the town is built. The travel cost is $10 per mile, a restaurant costs $100 to set up, and the cost per meal is $2. If the town projected a total population of 180 by the end of the decade, how many restaurants would the city planners project as optimal for the end of the decade? Round off small residuals to the nearest whole number.
What will be an ideal response?
Who may benefit from technological progress?
A) consumers B) workers C) firms. D) all of the above.
According to behavioral economics:
A. gains are felt more intensely than losses. B. each successive unit of loss is equal in its marginal disutility. C. each successive unit of loss hurts, but less than the previous unit. D. each successive unit of loss hurts, and more than the previous unit.
What is the basic conclusion that is to be drawn from the chapter? On what two facts is this conclusion based? What are the implications?
What will be an ideal response?