If two variables are completely unrelated to each other, then graphing these two variables will yield a line that is:
A. Always vertical
B. Always horizontal
C. Not a line, but only a single point
D. Either vertical or horizontal
Answer: D
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Answer the next question on the basis of the following four tax schedules for the given base of taxable income.IncomeTax ATax BTax CTax D$10,000$650$1,000$500$1,00020,0008502,0001,0003,00030,0009504,0001,5006,00040,0001,0506,0002,0009,500Which of the above tax schedules is a proportional tax schedule throughout?
A. Tax A B. Tax B C. Tax C D. Tax D
Refer to Scenario 2.1. What is the equilibrium price of books?
A) 5 B) 10 C) 15 D) 20 E) none of the above
Based on the table, what is Barry's marginal benefit from the 40th slice of pizza?
A) $3 B) $5.50 C) $0.50 D) $12
Suppose there is only one firm producing steel, one producing fiberglass, and one producing concrete. If steel and concrete are considered substitute goods in construction, while steel and fiberglass are considered substitute goods in auto production, there is no monopoly in the
a. steel market b. fiberglass market c. concrete market d. construction market e. boat market