Cash welfare is now much less of a national program
Indicate whether the statement is true or false
T
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Which of the following is not true about the tax exemptions on interest from municipal bonds?
A. It is a tax loophole. B. It reduces excess tax burden. C. It helps the wealthy the most. D. It makes the tax system less progressive.
Economies of scope has to do with lowering production costs by increasing the quantity of a product produced, whereas economies of scale has to do with lowering production costs by producing several products within the same firm
Indicate whether the statement is true or false
The manager of Steel Works learns of a new technological interdependency between the final stage of production and the distribution of the final product. If Steel Works currently contracts with another firm to distribute the product, which of the following is true?
A) The manager has less of an incentive to integrate forward. B) The manager has more of an incentive to integrate forward. C) The manager has more of an incentive to integrate backward. D) The manager has less of an incentive to integrate backward.
For a perfectly competitive firm, marginal revenue product is equal to:
a. the difference between marginal revenue and marginal cost. b. the product price multiplied by total output. c. the change in total product arising from a unit change in resource usage. d. marginal product multiplied by product price.