« previous next »

Author Question: If a tax is imposed per unit of a good sold, ________. A) the supply curve for the good shifts to ... (Read 30 times)

pepyto

  • Hero Member
  • *****
  • Posts: 547
on: Jun 29, 2018
If a tax is imposed per unit of a good sold, ________.
 
  A) the supply curve for the good shifts to the right
  B) the supply curve for the good shifts to the left
  C) the demand curve for the good shifts to the right
  D) the demand curve for the good shifts to the left

Question 2

A fruit retailer buys 50 pounds of apples from the wholesale market every day. The retailer has observed that 20 of the apples bought each time are not of good quality.
 
  Because it is not possible for the retailer to check each apple before buying, how much should he pay for each pound if he values good apples for 1.40 per pound while he has a value of zero for bad quality apples? A) 1.12 per pound
  B) 1.20 per pound
  C) 1.40 per pound
  D) 2 per pound


nmyers

  • Sr. Member
  • ****
  • Posts: 336
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

After 5 years of being diagnosed with rheumatoid arthritis, one every three patients will no longer be able to work.

Did you know?

ACTH levels are normally highest in the early morning (between 6 and 8 A.M.) and lowest in the evening (between 6 and 11 P.M.). Therefore, a doctor who suspects abnormal levels looks for low ACTH in the morning and high ACTH in the evening.

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

Did you know?

About 600,000 particles of skin are shed every hour by each human. If you live to age 70 years, you have shed 105 pounds of dead skin.

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.

Aquamatic pad and heating unit provide dry heat treatment to a patient’s arm. Aquamatic pad and heating unit provide dry heat treatment to a patient’s arm.
A throttle-body injection (TBI) unit used on a GM V-6 engine. A throttle-body injection (TBI) unit used on a GM V-6 engine.
How to find the equation of a cosine curve How to find the equation of a cosine curve
A good disinfecting solution you can make yourself consists of 1 part bleach to 10 parts water. A good disinfecting solution you can make yourself consists of 1 part bleach to 10 parts water.
Dried fruits are good source of sulfur Dried fruits are good source of sulfur
Jason Isbell and the 400 Unit - If We Were Vampires Jason Isbell and the 400 Unit - If We Were Vampires
Video: Double Stranded DNA Molecule Animation

For a complete list of videos, visit our video library