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Author Question: If a specific tax is implemented A) the firm's average cost curve shifts up, resulting in lower ... (Read 48 times)

CQXA

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on: Jul 1, 2018
If a specific tax is implemented
 
  A) the firm's average cost curve shifts up, resulting in lower profits.
  B) the after-tax marginal cost curve shifts, resulting in lower quantity produced.
  C) there is less profit per unit sold.
  D) All of the above.

Question 2

Which of the following is likely to have the shortest long run?
 
  A) a nail salon
  B) a construction firm
  C) an electric company
  D) a container ship operations company


kbennett34

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Reply #1 on: Jul 1, 2018
Answer to Question 1

D

Answer to Question 2

A


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CQXA

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Reply #2 on: Jul 1, 2018
Correct answers!


kbennett34

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Reply #3 on: Jul 1, 2018
Great! Please up vote :D


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