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Author Question: The government prefers an ad valorem tax to a specific tax that reduces the monopoly output by the ... (Read 125 times)

chandani

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on: Jul 1, 2018
The government prefers an ad valorem tax to a specific tax that reduces the monopoly output by the same amount because
 
  A) consumers are not harmed by the ad valorem tax.
  B) the monopoly prefers the ad valorem tax.
  C) consumers prefer the ad valorem tax.
  D) the ad valorem tax transfers more revenue from the monopoly to the government.

Question 2

If a competitive firm finds that it maximizes short-run profits by shutting down, which of the following must be TRUE?
 
  A) p < AVC for all levels of output.
  B) p < AVC only for the level of output at which p = MC.
  C) p < AVC only if the firm has no fixed costs.
  D) The firm will earn zero profit.
Microeconomics ¦ Perloff ¦ 8th Edition
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kristenb95

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Reply #1 on: Jul 1, 2018
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.
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chandani

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Reply #2 on: Jul 1, 2018
Thank you


kristenb95

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Reply #3 on: Jul 1, 2018
No problemo


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