In short-run competitive equilibrium, which of the following is always true?
a. Profit equals zero.
b. Profit can be negative, zero, or positive.
c. Profit can be zero or positive, but not negative.
d. Profit is positive, otherwise firms would not produce.
Question 2
If the federal government placed a 50 cent per pack excise tax on cigarette manufacturers, and if as a result, the price to consumers of a pack of cigarettes went up by 40 cents, the:
a. actual burden of this tax falls mostly on consumers.
b. actual burden of this tax falls mostly on manufacturers.
c. actual burden of the tax would be shared equally by producers and consumers.
d. tax would clearly be a progressive tax.
Short-wavelength flux is reflected by Earth
True Dover Sole
Data management short answer q
What is the value of the equilibrium constant, K, at 25°C for the reaction?
Experiments showing that long- or short-day plants flower in response to night length. Each horizont
Application of the Hardy–Weinberg equilibrium