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

Author Question: If a tax is imposed on buyers in a market in which supply is perfectly inelastic, the A) buyers ... (Read 144 times)

saraeharris

  • Hero Member
  • *****
  • Posts: 546
on: Jun 29, 2018
If a tax is imposed on buyers in a market in which supply is perfectly inelastic, the
 
  A) buyers pay the entire tax.
  B) sellers pay the entire tax.
  C) buyers and the sellers both pay a portion of the tax.
  D) neither the buyers nor the sellers pay the tax.

Question 2

Giuseppe's Pizza is a perfectly competitive firm. The firm's costs are shown in the table above. If the market price is 20, what is Giuseppe's profit-maximizing output?
 
  A) 2 pizzas per hour
  B) 3 pizzas per hour
  C) 4 pizzas per hour
  D) 0 pizzas per hour
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Jossy

  • Sr. Member
  • ****
  • Posts: 336
Reply #1 on: Jun 29, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 56% of students answer this correctly


saraeharris

  • Member
  • Posts: 546
Reply 2 on: Jun 29, 2018
Excellent

bdobbins

  • Member
  • Posts: 326
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Urine turns bright yellow if larger than normal amounts of certain substances are consumed; one of these substances is asparagus.

Did you know?

Not getting enough sleep can greatly weaken the immune system. Lack of sleep makes you more likely to catch a cold, or more difficult to fight off an infection.

Did you know?

After a vasectomy, it takes about 12 ejaculations to clear out sperm that were already beyond the blocked area.

Did you know?

People with high total cholesterol have about two times the risk for heart disease as people with ideal levels.

Did you know?

Automated pill dispensing systems have alarms to alert patients when the correct dosing time has arrived. Most systems work with many varieties of medications, so patients who are taking a variety of drugs can still be in control of their dose regimen.

The Hepatic Portal Blood Supply The liver receives water, minerals, and nutrients from the digestive The Hepatic Portal Blood Supply The liver receives water, minerals, and nutrients from the digestive
Minerals are nonrenewable resources in limited supply Minerals are nonrenewable resources in limited supply
Who Oversees the Food Supply? Who Oversees the Food Supply?
Elastic/inelastic #5 Elastic/inelastic #5
Markets and Institutions Market Story Problem Markets and Institutions Market Story Problem
Iraqi market Iraqi market
Video: Requirements for nervous signals

For a complete list of videos, visit our video library