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

Author Question: If a regulatory agency imposes a lump-sum tax on a monopolist (i.e., a tax that is independent of ... (Read 69 times)

camac77

  • Full Member
  • ***
  • Posts: 139
on: Oct 12, 2022
If a regulatory agency imposes a lump-sum tax on a monopolist (i.e., a tax that is independent of the level of output) it will reduce the firm's profits because the tax increases
◦ both the LRAC and the MC, leaving price and output unchanged.
◦ all costs as it shifts the demand curve to the right.
◦ all costs as it shifts the demand curve to the left.
◦ price whereas quantity demanded falls.
◦ the LRAC but not the MC, leaving price and output unchanged.
Microeconomics ¦ Ragan ¦ 17th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by camac77 on Oct 12, 2022

nora9826

  • Full Member
  • ***
  • Posts: 155
Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 56% of students answer this correctly


camac77

  • Member
  • Posts: 139
Reply 2 on: Oct 12, 2022
:D TYSM

AmberC1996

  • Member
  • Posts: 317
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Looking at the sun may not only cause headache and distort your vision temporarily, but it can also cause permanent eye damage. Any exposure to sunlight adds to the cumulative effects of ultraviolet (UV) radiation on your eyes. UV exposure has been linked to eye disorders such as macular degeneration, solar retinitis, and corneal dystrophies.

Did you know?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

Did you know?

Cutaneous mucormycosis is a rare fungal infection that has been fatal in at least 29% of cases, and in as many as 83% of cases, depending on the patient's health prior to infection. It has occurred often after natural disasters such as tornados, and early treatment is essential.

Did you know?

Blood is approximately twice as thick as water because of the cells and other components found in it.

Did you know?

Green tea is able to stop the scent of garlic or onion from causing bad breath.

A cross of sweet peas showing that independent assortment does not always occur A cross of sweet peas showing that independent assortment does not always occur
Independent assortment of chromosomes at meiosis explains Mendel’s ratio Independent assortment of chromosomes at meiosis explains Mendel’s ratio
Independent Assortment p2 Independent Assortment p2
Mediator as a bridge between gene-specific regulatory factors and the general transcription Mediator as a bridge between gene-specific regulatory factors and the general transcription
Mendel’s observations about segregation and independent assortment are explained by the behavior ... Mendel’s observations about segregation and independent assortment are explained by the behavior ...
Regulatory mutations of lacI and lacO Regulatory mutations of lacI and lacO
Video: Interview with Person who has Schizophrenia

For a complete list of videos, visit our video library