Is it possible for average total cost to be decreasing over a range of output where marginal cost is increasing? Briefly explain
What will be an ideal response?
Yes. As long as the marginal cost is below the average total cost, average total cost will be decreasing.
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Which of the following taxes is based on the ability-to-pay principle?
a. tolls on a bridge b. income taxes c. gasoline excise taxes d. property taxes e. user fees that collect the same amount from each person
Discretionary expansionary fiscal policy may not lead to _____
a. decreased national saving b. decreased unemployment c. inflation d. lower interest rates e. crowding out
You would think that if people’s income increased over time, then all industries in the economy should benefit equally, but this is not the case. Explain why and give examples
Please provide the best answer for the statement.
________ is an important element of corporate culture.
A. Establishing expectations of employees B. Establishing female participation in decision-making process C. Establishing dress code and political correctness in the workplace D. Ensuring proper coordination among employees