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-The Figure Above Shows the U

Question 295

Multiple Choice

-The figure above shows the U.S.production function.How would an increase in income taxes be shown in the figure? A) a movement from point C to point B B) a movement from point A to point B C) an upward shift or rotation of the production function D) a downward shift or rotation of the production function E) None of the above because the effects of an increase in taxes cannot be shown in the figure.
-The figure above shows the U.S.production function.How would an increase in income taxes be shown in the figure?


A) a movement from point C to point B
B) a movement from point A to point B
C) an upward shift or rotation of the production function
D) a downward shift or rotation of the production function
E) None of the above because the effects of an increase in taxes cannot be shown in the figure.

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