This topic contains a solution. Click here to go to the answer

Author Question: The imposition of a new excise tax will A) increase equilibrium price and increase equilibrium ... (Read 114 times)

Charlie

  • Hero Member
  • *****
  • Posts: 640
The imposition of a new excise tax will
 
  A) increase equilibrium price and increase equilibrium quantity.
  B) increase equilibrium price and decrease equilibrium quantity.
  C) decrease equilibrium price and increase equilibrium quantity.
  D) decrease equilibrium price and decrease equilibrium quantity.

Question 2

Suppose that an industry consists of 10 firms, and the top 4 firms have annual sales of 2.5 million, 2 million, 1.5 million, and 1 million, respectively.
 
  If the entire industry has annual sales of 10 million, the four-firm concentration ratio is A) 85 percent.
  B) 50 percent.
  C) 10 percent.
  D) 70 percent.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jaaaaaaa

  • Sr. Member
  • ****
  • Posts: 341
Answer to Question 1

B

Answer to Question 2

D




Charlie

  • Member
  • Posts: 640
Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it


peter

  • Member
  • Posts: 330
Reply 3 on: Yesterday
Wow, this really help

 

Did you know?

The newest statin drug, rosuvastatin, has been called a superstatin because it appears to reduce LDL cholesterol to a greater degree than the other approved statin drugs.

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

Did you know?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

Did you know?

Vampire bats have a natural anticoagulant in their saliva that permits continuous bleeding after they painlessly open a wound with their incisors. This capillary blood does not cause any significant blood loss to their victims.

Did you know?

Disorders that may affect pharmacodynamics include genetic mutations, malnutrition, thyrotoxicosis, myasthenia gravis, Parkinson's disease, and certain forms of insulin-resistant diabetes mellitus.

For a complete list of videos, visit our video library