Author Question: Of the 3 per pizza tax illustrated in the above figure, the A) consumers pay 2 of the 3 per pizza ... (Read 122 times)

jwb375

  • Hero Member
  • *****
  • Posts: 540
Of the 3 per pizza tax illustrated in the above figure, the
 
  A) consumers pay 2 of the 3 per pizza tax.
  B) sellers pay 1 of the 3 per pizza tax.
  C) government collects 120 thousand in revenue from the pizza tax.
  D) All of the above answers are correct.

Question 2

A risk averse person's utility of wealth curve has a
 
  A) positive slope and becomes steeper to the right.
  B) positive slope and becomes flatter to the right.
  C) negative slope and becomes steeper to the right.
  D) negative slope and becomes flatter to the right.



ghepp

  • Sr. Member
  • ****
  • Posts: 361
Answer to Question 1

D

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Stroke kills people from all ethnic backgrounds, but the people at highest risk for fatal strokes are: black men, black women, Asian men, white men, and white women.

Did you know?

Only 12 hours after an egg cell is fertilized by a sperm cell, the egg cell starts to divide. As it continues to divide, it moves along the fallopian tube toward the uterus at about 1 inch per day.

Did you know?

A seasonal flu vaccine is the best way to reduce the chances you will get seasonal influenza and spread it to others.

Did you know?

More than one-third of adult Americans are obese. Diseases that kill the largest number of people annually, such as heart disease, cancer, diabetes, stroke, and hypertension, can be attributed to diet.

Did you know?

In Eastern Europe and Russia, interferon is administered intranasally in varied doses for the common cold and influenza. It is claimed that this treatment can lower the risk of infection by as much as 60–70%.

For a complete list of videos, visit our video library