1. What is the meaning of an indifference curve being tangent to a budget line c?
2. What is profit maximazation formula for a firm in pure competition and why does it conform to marginal productivity theory of resource allocation?
3. what is the ability to pay principle in public Fiance and what are some of the problems implementing it?
4. Why are normative issues a problem that hasno scientific agreed upon answer in answering questions about the kind of tax a society should impose to collect revenue? what will adam smithsay about the issue?