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

Author Question: When a unit tax is placed on suppliers they are generally able to _____. a. lobby to get the tax ... (Read 68 times)

CharlieWard

  • Hero Member
  • *****
  • Posts: 578
on: Jul 1, 2018
When a unit tax is placed on suppliers they are generally able to _____.
 
  a. lobby to get the tax repealed
  b. shift the tax payment to the demanders
  c. shift part of the tax burden to the demanders in the form of a secondary tax
   d. shift part of the tax burden to the demanders in the form of a higher price

Question 2

Which of the following statements about profit maximizing firms in a competitive market is FALSE?
 
  A) Firms earn no economic profit in the long run.
  B) Marginal revenue does not have to equal marginal cost.
  C) p - MC = 0.
  D) Price equals marginal revenue.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

softEldritch

  • Sr. Member
  • ****
  • Posts: 334
Reply #1 on: Jul 1, 2018
Answer to Question 1

d

Answer to Question 2

B


CharlieWard

  • Hero Member
  • *****
  • Posts: 578
Reply #2 on: Jul 1, 2018
Correct answers!


softEldritch

  • Sr. Member
  • ****
  • Posts: 334
Reply #3 on: Jul 1, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Certain topical medications such as clotrimazole and betamethasone are not approved for use in children younger than 12 years of age. They must be used very cautiously, as directed by a doctor, to treat any child. Children have a much greater response to topical steroid medications.

Did you know?

Though “Krazy Glue” or “Super Glue” has the ability to seal small wounds, it is not recommended for this purpose since it contains many substances that should not enter the body through the skin, and may be harmful.

Did you know?

During pregnancy, a woman is more likely to experience bleeding gums and nosebleeds caused by hormonal changes that increase blood flow to the mouth and nose.

Did you know?

The first successful kidney transplant was performed in 1954 and occurred in Boston. A kidney from an identical twin was transplanted into his dying brother's body and was not rejected because it did not appear foreign to his body.

Did you know?

More than nineteen million Americans carry the factor V gene that causes blood clots, pulmonary embolism, and heart disease.

The basic unit of life - cell The basic unit of life - cell
Schematic Diagram of Agitation Apparatus and other equipment (CHE415 Unit Operations) Schematic Diagram of Agitation Apparatus and other equipment (CHE415 Unit Operations)
This five-wire mass air flow sensor consists of a metal foil sensing unit, an intake air temperature ... This five-wire mass air flow sensor consists of a metal foil sensing unit, an intake air temperature ...
How to convert one unit of measurement to another unit (Part 1) How to convert one unit of measurement to another unit (Part 1)
Illustrated correlation between the Mendelian postulates of unit factors Illustrated correlation between the Mendelian postulates of unit factors
Which of the following unit factors is not related to a 0.100 M NaBr solution? A Which of the following unit factors is not related to a 0.100 M NaBr solution? A
Video: Electrical changes in the heart

For a complete list of videos, visit our video library