When the government raises income taxes, we can expect - O b. Oc. Disposable income and personal consumption expenditure

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When the government raises income taxes, we can expect - O b. Oc. Disposable income and personal consumption expenditure

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When The Government Raises Income Taxes We Can Expect O B Oc Disposable Income And Personal Consumption Expenditure 1
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When the government raises income taxes, we can expect - O b. Oc. Disposable income and personal consumption expenditure will not change Disposable income and personal consumption expenditure to rise Disposable income to fall, personal consumption expenditure to rise Disposable income and personal consumption expenditure to fall e. Disposable income to rise, personal consumption expenditure to fall d.
The following are TRUE except - O a. Average variable cost is at is highest when marginal cost crosses it O b. The difference in average variable cost and average total cost is average fixed cost O c. When average total cost is falling, marginal cost is below average total cost Od. Average fix cost becomes infinitely smaller as output increases Oe. Marginal cost is higher than average variable cost when average variable cost is rising
Economic costs are typically greater than accounting costs because - O a. Economic profit is added O b. Opportunity cost is removed O c. Explicit costs are added Od. Implicit costs are added Oe. Actual cost outlay is added
Under perfectly competitive conditions, a firm should shut down if - O a. Price is lower than average cost O b. Price is equal to average revenue O c. Price is higher than average fixed cost O d. Price is not enough to cover the fixed cost Oe. Price is at or lower than the minimum average variable cost
A perfectly competitive firm maximizes profit by producing 100 units at an average total cost of $12 and an average fix cost of $5 for a market price of $10. Its marginal revenue must be - O a. $10 O b. O c. O d. $1000 $1200 -$2
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