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

Author Question: How a sales tax is divided between buyers and sellers is determined by A) the government's choice ... (Read 51 times)

olgavictoria

  • Hero Member
  • *****
  • Posts: 528
on: Jun 29, 2018
How a sales tax is divided between buyers and sellers is determined by
 
  A) the government's choice of whom to tax.
  B) who the law says must pay the tax.
  C) the elasticities of supply and demand.
  D) the revenue needs of government.

Question 2

A perfectly competitive firm is producing at the point where its marginal cost equals its marginal revenue. If the firm boosts its output, its total revenue will ________ and its profit will ________.
 
  A) rise; rise
  B) rise; fall
  C) fall; rise
  D) fall; fall


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

EAN94

  • Sr. Member
  • ****
  • Posts: 307
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

B


olgavictoria

  • Member
  • Posts: 528
Reply 2 on: Jun 29, 2018
:D TYSM

xthemafja

  • Member
  • Posts: 348
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Though newer “smart” infusion pumps are increasingly becoming more sophisticated, they cannot prevent all programming and administration errors. Health care professionals that use smart infusion pumps must still practice the rights of medication administration and have other professionals double-check all high-risk infusions.

Did you know?

Women are 50% to 75% more likely than men to experience an adverse drug reaction.

Did you know?

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

Did you know?

In 1844, Charles Goodyear obtained the first patent for a rubber condom.

Did you know?

The first-known contraceptive was crocodile dung, used in Egypt in 2000 BC. Condoms were also reportedly used, made of animal bladders or intestines.

The small-scale distribution of different tree species in a Douglas-fir forest is determined by both The small-scale distribution of different tree species in a Douglas-fir forest is determined by both
Large regions of the Boreal forest in Alberta have been divided into a grid due to industrial develo Large regions of the Boreal forest in Alberta have been divided into a grid due to industrial develo
They are divided into four classes: all α, all β, α/β, and α + β They are divided into four classes: all α, all β, α/β, and α + β
When the United States gets stuck over a controversial issue—usually something a divided Congress ca When the United States gets stuck over a controversial issue—usually something a divided Congress ca
This chart shows the various lines of responsibility and how they differ in presidential and parliam This chart shows the various lines of responsibility and how they differ in presidential and parliam
In 2013, Americans learned that the federal government massively surveys their phone calls and e-mai In 2013, Americans learned that the federal government massively surveys their phone calls and e-mai
Video: DNA Replication

For a complete list of videos, visit our video library