[Answered] The above figure shows the market for neckties after the government has imposed a tax. How much ...

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Author Question: The above figure shows the market for neckties after the government has imposed a tax. How much ... (Read 71 times)

Tazate

Hero Member
Posts: 532

on: Jun 29, 2018

The above figure shows the market for neckties after the government has imposed a tax. How much deadweight loss results from this tax?

A) 250.00
B) 200.00
C) 150.00
D) 50.00

Question 2

Which of the following is FALSE for a profit-maximizing single-price monopolist?

A) P = MC
B) MC = MR
C) P > MR
D) None of the above because they are all true.

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Marked as best answer by a Subject Expert

maya.nigrin17@yahoo.com

Sr. Member
Posts: 324

Reply #1 on: Jun 29, 2018

Answer to Question 1

D

Answer to Question 2

A

Tazate

Hero Member
Posts: 532

Reply #2 on: Jun 29, 2018

Thank you

maya.nigrin17@yahoo.com

Sr. Member
Posts: 324

Reply #3 on: Jun 29, 2018

Happy to help you

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