The Total Burden of a Tax Is the

question 169

Multiple Choice

The total burden of a tax is the

• A)absolute number of dollars an individual pays.
• B)percentage of income a person pays.
• C)number of dollars a person must be given after taxation to make him as well off as he was before taxation.
• D)revenue lost to loopholes.

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Definitions:

Average Total Cost

The total cost per unit of output, calculated by dividing the total cost of production by the number of units produced.

Total Cost

The complete cost of production including fixed and variable costs.

Average Total Cost

The total of all costs divided by the number of goods produced, representing the per unit production cost.

Output

The total amount of goods or services produced by an individual, company, or country.