The Output of Blu Ray Players Should Be

question 90

Multiple Choice

The output of blu ray players should be:

• A)reduced if marginal benefits exceed marginal costs.
• B)reduced if marginal costs exceed marginal benefits.
• C)increased if marginal costs exceed marginal benefits.
• D)reduced to zero if their unit costs exceed the unit costs of alternative products.

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Definitions:

Negative Income Tax

A system of income support that supplements the income of individuals whose earnings are below a certain level, effectively a form of guaranteed minimum income.

Tax Liability

The total amount of tax that an individual or business is obligated to pay to the government.

Income Subsidy

A government payment to individuals or families that augments their income, intended to help them afford essential goods and services.

In-Kind Transfers

Non-cash government assistance provided to individuals or groups, such as food stamps, housing, and healthcare services.