Please answer the questions each with a brief explanation.

For a government to be efficient, a project should be funded up to B) MB is maximized. C) MC = o. D) MC is maximized. The Haig-Simons definition of income includes: 15. 16. a. b. c. d. employer pension contributions and insurance purchases. transfer payments. income in-kind. all of the above. In terms of its economic impact, a value added tax is most like: a. b. c. d. e. the property tax. a comprehensive income tax. an expenditure or cash-flow tax. a general sales tax. a selective sales tax.