Label the shutdown point.
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The Haig-Simons definition of income includes
A. employer pension contributions and insurance purchases. B. transfer payments. C. income in-kind. D. all of these answer options are correct.
Assume that a person earns $600 per day at a certain job. If the marginal tax rate is cut from 40% to 30%, then this person's after-tax daily earnings will:
A. Decrease from $240 to $180 B. Increase from $480 to $540 C. Decrease from $540 to $480 D. Increase from $360 to $420
The structural deficit or surplus is the
A) difference between actual government outlays and what would be government revenues if the economy were at full employment. B) difference between actual government outlays and actual government revenues. C) change in national debt that will result from current budgetary policies. D) actual government budget deficit or surplus minus expenditures for capital improvements. E) government budget deficit or surplus that would occur if the economy were at full employment.
Under perfect price discrimination the monopolist produces ________ a perfectly competitive market.
A. the same amount of output as a non-discriminating monopolist as well as B. less output than an imperfectly price discriminating monopolist, but more than C. more output than an imperfectly price discriminating monopolist, but less than D. the same amount of output as would