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Author Question: How a sales tax is divided between buyers and sellers is determined by A) the government's choice ... (Read 17 times)

olgavictoria

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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


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EAN94

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

C

Answer to Question 2

B


olgavictoria

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

chereeb

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Reply 3 on: Yesterday
Excellent

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