This topic contains a solution. Click here to go to the answer

Author Question: If a tax is imposed on buyers in a market in which supply is perfectly inelastic, the A) buyers ... (Read 161 times)

saraeharris

  • Hero Member
  • *****
  • Posts: 546
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


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
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


Jossy

  • Member
  • Posts: 336
Reply 3 on: Yesterday
Gracias!

 

Did you know?

The U.S. Pharmacopeia Medication Errors Reporting Program states that approximately 50% of all medication errors involve insulin.

Did you know?

Increased intake of vitamin D has been shown to reduce fractures up to 25% in older people.

Did you know?

Cucumber slices relieve headaches by tightening blood vessels, reducing blood flow to the area, and relieving pressure.

Did you know?

Though Candida and Aspergillus species are the most common fungal pathogens causing invasive fungal disease in the immunocompromised, infections due to previously uncommon hyaline and dematiaceous filamentous fungi are occurring more often today. Rare fungal infections, once accurately diagnosed, may require surgical debridement, immunotherapy, and newer antifungals used singly or in combination with older antifungals, on a case-by-case basis.

Did you know?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

For a complete list of videos, visit our video library