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Author Question: After a 3 per-unit tax on seeing movies in theaters is imposed, attendance falls from 4,000 a week ... (Read 95 times)

jeatrice

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on: Jun 29, 2018
After a 3 per-unit tax on seeing movies in theaters is imposed, attendance falls from 4,000 a week to 3,000 a week. The revenue from the tax is
 
  A) less than 9,000 a week.
  B) 9,000 a week.
  C) between 9,000 a week and 12,000 a week.
  D) some amount that cannot be calculated without more information.

Question 2

The table above shows the demand and costs for a single-price monopolist. When it maximizes its profit, the firm makes an economic profit of
 
  A) 15.
  B) 25.
  C) 40.
  D) 45.


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parshano

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

B

Answer to Question 2

A


jeatrice

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Reply #2 on: Jun 29, 2018
Thank you :)


parshano

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Reply #3 on: Jun 29, 2018
Happy to help you


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