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Author Question: The above figure shows the market for neckties after the government has imposed a tax. How much ... (Read 220 times)

Tazate

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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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maya.nigrin17@yahoo.com

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

D

Answer to Question 2

A


Tazate

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


maya.nigrin17@yahoo.com

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


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