The slope of an inverted U-shaped curve is infinity at the top of the curve
a. True
b. False
B
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When you duplicate yourself through other people your security is not dependent on your ability to perform.
A. True B. False
It is in society's best interest that the MC of the last unit produced of a good is equal to its MU
a. True b. False Indicate whether the statement is true or false
Explain how the demand for labor is determined.
What will be an ideal response?
There are ten states in the democratic nation of Katlandia, and each state has ten thousand residents. Although incomes vary, each Katlandian pays a tax equal to the total cost of all government projects divided by the number of residents in the country. Currently, two states each have one army base. An army base adds $2 million to a state's local economy each year. In addition, in terms of increased security, the annual marginal benefit to Katlandia of having an additional army base is shown below. The total cost of an army base is $8 million per year.
Taxes in Katlandia are:
A. progressive. B. regressive. C. proportional. D. based on each resident's willingness to pay.