With a progressive tax structure, the marginal tax rate increases as one's income increases.

True

False

As the wage rate increases, economic rent decreases.

True

False

In order for the law of diminishing returns to have an impact on production costs, one input in the production process must be fixed.

True

False

If the demand for a certain type of labour is elastic, it is easier for the workers who perform that type of labour to get wage rate increases.

True

False