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

Author Question: Refer to Scenario 10.3. Suppose that a tax of 5 per unit of output is imposed on red herring ... (Read 85 times)

oliviahorn72

  • Hero Member
  • *****
  • Posts: 579
on: Jul 1, 2018
Refer to Scenario 10.3. Suppose that a tax of 5 per unit of output is imposed on red herring producers. The price of red herring will
 
  A) not change.
  B) increase by less than 5.
  C) increase by 5.
  D) increase by more than 5.
  E) decrease.

Question 2

If the isoquants in an isoquant map are downward sloping but bowed away from the origin (i.e., concave to the origin), then the production technology violates the assumption of:
 
  A) technical efficiency.
  B) free disposal.
  C) diminishing marginal returns.
  D) positive average product.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

kaykay69

  • Sr. Member
  • ****
  • Posts: 322
Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

C


oliviahorn72

  • Hero Member
  • *****
  • Posts: 579
Reply #2 on: Jul 1, 2018
Thank you


kaykay69

  • Sr. Member
  • ****
  • Posts: 322
Reply #3 on: Jul 1, 2018
No problemo


« previous next »
 

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

Did you know?

Alzheimer's disease affects only about 10% of people older than 65 years of age. Most forms of decreased mental function and dementia are caused by disuse (letting the mind get lazy).

Did you know?

A cataract is a clouding of the eyes' natural lens. As we age, some clouding of the lens may occur. The first sign of a cataract is usually blurry vision. Although glasses and other visual aids may at first help a person with cataracts, surgery may become inevitable. Cataract surgery is very successful in restoring vision, and it is the most frequently performed surgery in the United States.

Did you know?

As many as 20% of Americans have been infected by the fungus known as Histoplasmosis. While most people are asymptomatic or only have slight symptoms, infection can progress to a rapid and potentially fatal superinfection.

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

Changes in boreal forest composition along a chronosequence in Quebec. Dates refer to the year of th Changes in boreal forest composition along a chronosequence in Quebec. Dates refer to the year of th
A mini clamp-on digital multimeter can be used to measure alternator output and unwanted AC current ... A mini clamp-on digital multimeter can be used to measure alternator output and unwanted AC current ...
Biosynthesis of the repeating oligosaccharide unit of the O antigen of Salmonella typhimurium Biosynthesis of the repeating oligosaccharide unit of the O antigen of Salmonella typhimurium
A Partially Filled 100-Unit Insulin Syringe A Partially Filled 100-Unit Insulin Syringe
Intraaortic balloon pump. The balloon deflates during systole, so cardiac output is unimpeded. Intraaortic balloon pump. The balloon deflates during systole, so cardiac output is unimpeded.
Which of the following is not a unit factor related to a 15.0% aqueous solution Which of the following is not a unit factor related to a 15.0% aqueous solution
Video: Interpreting a cladogram Animation

For a complete list of videos, visit our video library