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

Author Question: Refer to Figure 9.8. If free trade in sugar is replaced by a 50 tariff in sugar, government revenue ... (Read 36 times)

casperchen82

  • Hero Member
  • *****
  • Posts: 540
on: Jul 1, 2018
Refer to Figure 9.8. If free trade in sugar is replaced by a 50 tariff in sugar, government revenue from the tariff will be
 
  A) 50.
  B) 5000.
  C) 15,000.
  D) 17,500.
  E) 25,000.

Question 2

A production function defines the output that can be produced
 
  A) at the lowest cost, given the inputs available.
  B) for the average firm.
  C) if the firm is technically efficient.
  D) in a given time period if no additional inputs are hired.
  E) as technology changes over time.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

kthug

  • Sr. Member
  • ****
  • Posts: 332
Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

C


casperchen82

  • Member
  • Posts: 540
Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

emsimon14

  • Member
  • Posts: 344
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Cytomegalovirus affects nearly the same amount of newborns every year as Down syndrome.

Did you know?

Astigmatism is the most common vision problem. It may accompany nearsightedness or farsightedness. It is usually caused by an irregularly shaped cornea, but sometimes it is the result of an irregularly shaped lens. Either type can be corrected by eyeglasses, contact lenses, or refractive surgery.

Did you know?

There are more bacteria in your mouth than there are people in the world.

Did you know?

About one in five American adults and teenagers have had a genital herpes infection—and most of them don't know it. People with genital herpes have at least twice the risk of becoming infected with HIV if exposed to it than those people who do not have genital herpes.

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

Changes in boreal forest composition along a chronosequence in Quebec. Dates refer to the year of th Changes in boreal forest composition along a chronosequence in Quebec. Dates refer to the year of th
The paleoanthropologist must understand these deformations in order to figure out which strata a fos The paleoanthropologist must understand these deformations in order to figure out which strata a fos
The world attempted to deal with Somalia as if it were a real country but painfully learned that Som The world attempted to deal with Somalia as if it were a real country but painfully learned that Som
Gibs free energy for hydrolysis of some phosphate compounds Gibs free energy for hydrolysis of some phosphate compounds
American Government: Roots and Reform, 2009 Edition American Government: Roots and Reform, 2009 Edition
What mass, in grams, of a 5.00% by mass sugar water solution is needed to supply What mass, in grams, of a 5.00% by mass sugar water solution is needed to supply
Video: Simple and Double Sugar

For a complete list of videos, visit our video library