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

Author Question: After a 3 per-unit tax on seeing movies in theaters is imposed, attendance falls from 4,000 a week ... (Read 93 times)

jeatrice

  • Hero Member
  • *****
  • Posts: 543
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.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

parshano

  • Sr. Member
  • ****
  • Posts: 333
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

A


jeatrice

  • Hero Member
  • *****
  • Posts: 543
Reply #2 on: Jun 29, 2018
Thank you :)


parshano

  • Sr. Member
  • ****
  • Posts: 333
Reply #3 on: Jun 29, 2018
Happy to help you


« previous next »
 

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

Coca-Cola originally used coca leaves and caffeine from the African kola nut. It was advertised as a therapeutic agent and "pickerupper." Eventually, its formulation was changed, and the coca leaves were removed because of the effects of regulation on cocaine-related products.

Did you know?

Historic treatments for rheumatoid arthritis have included gold salts, acupuncture, a diet consisting of apples or rhubarb, nutmeg, nettles, bee venom, bracelets made of copper, prayer, rest, tooth extractions, fasting, honey, vitamins, insulin, snow collected on Christmas, magnets, and electric convulsion therapy.

Did you know?

Ether was used widely for surgeries but became less popular because of its flammability and its tendency to cause vomiting. In England, it was quickly replaced by chloroform, but this agent caused many deaths and lost popularity.

Did you know?

The eye muscles are the most active muscles in the whole body. The external muscles that move the eyes are the strongest muscles in the human body for the job they have to do. They are 100 times more powerful than they need to be.

seven week embryo seven week embryo
A Motor Unit A Motor Unit
Mixing schematic Diagram CHE 415 unit operations experiment apparatus Mixing schematic Diagram CHE 415 unit operations experiment apparatus
A Chrysler electronic ignition distributor. This unit is equipped with a vacuum advance mechanism ... A Chrysler electronic ignition distributor. This unit is equipped with a vacuum advance mechanism ...
How to evaluate angles using cosine, special triangles, the unit circle (Part 2) How to evaluate angles using cosine, special triangles, the unit circle (Part 2)
Embryonic Period - 5th week Embryonic Period - 5th week
Video: Acid-base imbalances - respiratory acidosis and alkalosis

For a complete list of videos, visit our video library