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Author Question: Land can be used to grow commercial Christmas trees or pulpwood. Which is the more economically ... (Read 130 times)

amal

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on: Jun 29, 2018
Land can be used to grow commercial Christmas trees or pulpwood. Which is the more economically efficient use of the land?
 
  A) Raising commercial Christmas trees
  B) Raising pulpwood
  C) Raising a mixed combination of commercial Christmas trees and pulpwood
  D) It depends in part on the relative prices of Christmas trees and pulpwood.

Question 2

Refer to the figure above. If a per-unit tax of 3 is imposed on the sale of Good X, what is the tax revenue received by the government?
 
  A) 20 million
  B) 10 million
  C) 12 million
  D) 60 million


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elyse44

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

D

Answer to Question 2

D


amal

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

xthemafja

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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