This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Under perfect competition, no matter how much output is produced, the total revenue curve is: a. a ... (Read 23 times)

lilldybug07

  • Hero Member
  • *****
  • Posts: 546
on: Jun 30, 2018
Under perfect competition, no matter how much output is produced, the total revenue curve is:
 a. a positively-sloped line.
  b. a negatively-sloped line.
  c. a horizontal straight line.
  d. a U-shaped curve.
  e. a hill-shaped curve.

Question 2

If the government wants to raise tax revenue and shift most of the tax burden to the sellers, it would impose a tax on a good with a:
 a. steep (inelastic) demand curve and steep (inelastic) demand curve.
  b. steep (inelastic) demand curve and a flat (elastic) supply curve.
  c. flat (elastic) demand curve and a steep (inelastic) supply curve.
  d. flat (elastic) demand curve and a flat (elastic) supply curve.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jsm54321

  • Sr. Member
  • ****
  • Posts: 328
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

c


lilldybug07

  • Hero Member
  • *****
  • Posts: 546
Reply #2 on: Jun 30, 2018
Thank you


jsm54321

  • Sr. Member
  • ****
  • Posts: 328
Reply #3 on: Jun 30, 2018
No problemo


« previous next »
 

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

Did you know?

To prove that stomach ulcers were caused by bacteria and not by stress, a researcher consumed an entire laboratory beaker full of bacterial culture. After this, he did indeed develop stomach ulcers, and won the Nobel Prize for his discovery.

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

Did you know?

The average person is easily confused by the terms pharmaceutics and pharmacology, thinking they are one and the same. Whereas pharmaceutics is the science of preparing and dispensing drugs (otherwise known as the science of pharmacy), pharmacology is the study of medications.

Did you know?

Certain rare plants containing cyanide include apricot pits and a type of potato called cassava. Fortunately, only chronic or massive ingestion of any of these plants can lead to serious poisoning.

An analogy for how cardiac output, resistance, and blood pressure are related. An analogy for how cardiac output, resistance, and blood pressure are related.
Recombinants are meiotic output different from meiotic input Recombinants are meiotic output different from meiotic input
A typical output driver. In this case, the PCM applies voltage to the fuel pump relay coil to ... A typical output driver. In this case, the PCM applies voltage to the fuel pump relay coil to ...
When the exhaust is lean, the output of a zirconia oxygen sensor is below 450 mV. When the exhaust is lean, the output of a zirconia oxygen sensor is below 450 mV.
Drug tolerance: A shift in the dose-response curve to the right as a result of exposure to the drug. Drug tolerance: A shift in the dose-response curve to the right as a result of exposure to the drug.
A wave whose wavelength is 0.500 m is traveling down a 500-m long wire whose total mass is 25 ... A wave whose wavelength is 0.500 m is traveling down a 500-m long wire whose total mass is 25 ...
Video: Dendrite Animation

For a complete list of videos, visit our video library