Marginal revenue equals the change in total revenue that is earned by selling one more unit of output.
Answer the following statement true (T) or false (F)
True
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The Community Charge was a poll tax to fund local government in the United Kingdom, instituted in 1989 by the government of Margaret Thatcher. It replaced the rates that were based on the national rental value of a house
It was a fixed tax per adult resident. Is this tax a proportional, progressive or regressive tax? Explain your answer.
The marginal social benefit of air quality
a. declines as air quality increases b. rises as air quality increases c. remains constant as air quality increases d. first falls then rises as air quality increases e. is always negative
Suppose Ms. Sanchez has a total income of $200,000, has a taxable income of $120,000, and pays $40,000 in taxes. Considering the information, what is Ms. Sanchez's nominal tax rate?
A. 20.0 percent. B. 33.3 percent. C. 60.0 percent. D. 18.5 percent.
Refer to the information provided in Figure 8.6 below to answer the question(s) that follow. 
Figure 8.6 Refer to Figure 8.6. Outdoor Equipment's average variable costs are minimized at the output level
A. between the intersections of curves 1 and 2 and curves 1 and 3. B. where curves 1 and 3 intersect. C. where curves 1 and 2 intersect. D. indeterminate with the given information.