Average fixed cost can be calculated using any of the formulas below except
A) TFC/Q. B) (TC/Q) - AVC. C) ?(TC - VC)/?Q. D) (TC - VC)/Q.
C
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Under "trickle down", additional economic activity will benefit the poor
Indicate whether the statement is true or false
If the business taxes decreased for a firm, then we might expect investment spending to: A. increase.
A. increase. B. decrease. C. remain constant. D. there is not enough information to determine what would happen.
All of the following are aspects of microeconomics EXCEPT
A) monopolies. B) a firm maximizing profit. C) a worker choosing one job over another. D) the average level of prices of all goods and services produced in a country in a year.
Static tax analysis assumes that
A. an increase in a tax rate will lead to an increase in the tax base. B. an increase in a tax rate will leave the tax base unchanged. C. the tax base will always remain unchanged. D. an increase in a tax rate may lead to a decrease in the tax base.