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Author Question: Suppose the state legislature in your state imposes a state licensing fee of 100 per year to be paid ... (Read 150 times)

penza

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on: Jul 1, 2018
Suppose the state legislature in your state imposes a state licensing fee of 100 per year to be paid by all firms that file state tax revenue reports. This new business tax:
 
  A) increases marginal cost.
  B) decreases marginal cost.
  C) increases marginal revenue.
  D) decreases marginal revenue.
  E) none of the above

Question 2

When the demand curve is downward sloping, marginal revenue is
 
  A) equal to price.
  B) equal to average revenue.
  C) less than price.
  D) more than price.


bimper21

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Reply #1 on: Jul 1, 2018
Answer to Question 1

E

Answer to Question 2

C


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