Q.

From the net tax function: T=t0+t1Y,where t0<0 and t1>0, it follows that, as income rises

A. average taxes falls and the surplus declines
B. average taxes rises and the deficit increases
C. average taxes falls and the deficit declines
D. average taxes and the deficit do not change
Answer» C. average taxes falls and the deficit declines
2.8k
0
Do you find this helpful?
25

View all MCQs in

Managerial Economics

Discussion

No comments yet

Related MCQs