The standard deduction for two individuals is higher than the standard deduction for a married couple, causing a "marriage tax."
A. True
B. False
C. Uncertain
A. True
Economics
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Other things being equal, a price-discriminating firm will charge less to the customers who
A) have the lowest incomes. B) have the least elastic demand for its product. C) have the most elastic demand for the product. D) are the most rational in making their decisions.
Economics
If a firm produces 8 units of output with average fixed cost=$40 and average variable cost=$25, what is its average cost?
a. $100 b. $20 c. $65 d. $32
Economics
The most likely complementary good for cereal would be:
A. a bagel. B. milk. C. pizza. D. a sub sandwich.
Economics
Compared to a barter economy, using money increases efficiency by reducing:
a. transaction costs. b. the need to exchange goods. c. the need to specialize. d. inflation.
Economics