« previous next »

Author Question: If a tax is imposed per unit of a good sold, ________. A) the supply curve for the good shifts to ... (Read 78 times)

pepyto

  • Hero Member
  • *****
  • Posts: 547
on: Jun 29, 2018
If a tax is imposed per unit of a good sold, ________.
 
  A) the supply curve for the good shifts to the right
  B) the supply curve for the good shifts to the left
  C) the demand curve for the good shifts to the right
  D) the demand curve for the good shifts to the left

Question 2

A fruit retailer buys 50 pounds of apples from the wholesale market every day. The retailer has observed that 20 of the apples bought each time are not of good quality.
 
  Because it is not possible for the retailer to check each apple before buying, how much should he pay for each pound if he values good apples for 1.40 per pound while he has a value of zero for bad quality apples? A) 1.12 per pound
  B) 1.20 per pound
  C) 1.40 per pound
  D) 2 per pound


nmyers

  • Sr. Member
  • ****
  • Posts: 336
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

All adverse reactions are commonly charted in red ink in the patient's record and usually are noted on the front of the chart. Failure to follow correct documentation procedures may result in malpractice lawsuits.

Did you know?

The toxic levels for lithium carbonate are close to the therapeutic levels. Signs of toxicity include fine hand tremor, polyuria, mild thirst, nausea, general discomfort, diarrhea, vomiting, drowsiness, muscular weakness, lack of coordination, ataxia, giddiness, tinnitus, and blurred vision.

Did you know?

Pink eye is a term that refers to conjunctivitis, which is inflammation of the thin, clear membrane (conjunctiva) over the white part of the eye (sclera). It may be triggered by a virus, bacteria, or foreign body in the eye. Antibiotic eye drops alleviate bacterial conjunctivitis, and antihistamine allergy pills or eye drops help control allergic conjunctivitis symptoms.

Did you know?

Addicts to opiates often avoid treatment because they are afraid of withdrawal. Though unpleasant, with proper management, withdrawal is rarely fatal and passes relatively quickly.

Did you know?

When blood is exposed to air, it clots. Heparin allows the blood to come in direct contact with air without clotting.

Trig Degrees/Radians unit circle Trig Degrees/Radians unit circle
The basic unit of life - cell The basic unit of life - cell
Take a good look at this woman Take a good look at this woman
A good posture for practicing meditation is seated in a chair with the back upright and in ... A good posture for practicing meditation is seated in a chair with the back upright and in ...
Carrots are a good source of vitamin A Carrots are a good source of vitamin A
Effects of acidosis and alkalosis on the oxyhemoglobin dissociation curve Effects of acidosis and alkalosis on the oxyhemoglobin dissociation curve
Video: Chronology of leptin research (A history of leptin research)

For a complete list of videos, visit our video library