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

Author Question: Marginal cost ________ as the quantity produced is increased. A) first increases and then ... (Read 114 times)

Chloeellawright

  • Hero Member
  • *****
  • Posts: 588
on: Jun 29, 2018
Marginal cost ________ as the quantity produced is increased.
 
  A) first increases and then decreases
  B) first decreases and then increases
  C) always increases
  D) always decreases

Question 2

To help pay for the cost of sport related injuries, the government imposes a tax on sellers of all sports equipment. Using the above figure, the area that equals the lost consumer surplus from this tax on sports equipment is
 
  A) bcd.
  B) P1P2cd.
  C) P2P3ec.
  D) ced.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

peter

  • Sr. Member
  • ****
  • Posts: 330
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

B


Chloeellawright

  • Member
  • Posts: 588
Reply 2 on: Jun 29, 2018
Excellent

mjenn52

  • Member
  • Posts: 351
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

Did you know?

More than 2,500 barbiturates have been synthesized. At the height of their popularity, about 50 were marketed for human use.

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Did you know?

Approximately one in three babies in the United States is now delivered by cesarean section. The number of cesarean sections in the United States has risen 46% since 1996.

Nitrogenous wastes produced by different animal groups. Nitrogenous wastes produced by different animal groups.
Increased exposure to cupric oxide bulk particles (BPs) and nanoparticles (NPs) by radish plants Increased exposure to cupric oxide bulk particles (BPs) and nanoparticles (NPs) by radish plants
Increased risk of trisomy with maternal age. Increased risk of trisomy with maternal age.
Testing Infant’s Understanding of Quantity Testing Infant’s Understanding of Quantity
A steady needle reading that drops 2 or 3 inches Hg when the engine speed is increased slightly ... A steady needle reading that drops 2 or 3 inches Hg when the engine speed is increased slightly ...
How many grams of H2 gas can be produced by the reaction of 54.0 grams of Al(s) with an excess ... How many grams of H2 gas can be produced by the reaction of 54.0 grams of Al(s) with an excess ...
Video: Cytotoxic T cell receptors, activation, proliferation, differentiation & action

For a complete list of videos, visit our video library