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Author Question: Refer to the above figures. An external benefit exists. This will lead to a(n) A) underproduction ... (Read 56 times)

Alygatorr01285

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on: Jun 29, 2018
Refer to the above figures. An external benefit exists. This will lead to a(n)
 
  A) underproduction equal to Q1 minus Q2.
  B) overproduction equal to Q4 minus Q3.
  C) underproduction equal to Q4 minus Q3.
  D) overproduction equal to Q1 minus Q2.

Question 2

Tax incidence refers to
 
  A) determining who sends the taxes into the government.
  B) the tendency of some people to avoid paying taxes at all.
  C) the distribution of tax burdens among groups, or who really pays a tax.
  D) determining the marginal tax rate applied to any increase in income.


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amynguyen1221

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

C


Alygatorr01285

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

fatboyy09

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Reply 3 on: Yesterday
Excellent

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