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

Author Question: Which of the following is a firm's supply curve in a perfectly competitive market? a. Total cost. ... (Read 75 times)

frankwu

  • Hero Member
  • *****
  • Posts: 549
on: Jun 30, 2018
Which of the following is a firm's supply curve in a perfectly competitive market?
 a. Total cost.
  b. Marginal revenue.
  c. Marginal cost.
  d. Average variable cost.

Question 2

Good A has a price elasticity of demand of .27, while good B has a price elasticity of demand of 2.9 . To raise the most tax revenue, the government should:
 a. place a unit tax on good A.
  b. place a unit tax on good B.
  c. raise the price elasticity of demand for good A.
  d. subsidize the production of good B.
  e. cut its spending for various social programs.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ankilker

  • Sr. Member
  • ****
  • Posts: 328
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

a


frankwu

  • Member
  • Posts: 549
Reply 2 on: Jun 30, 2018
:D TYSM

at

  • Member
  • Posts: 359
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

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

Did you know?

Methicillin-resistant Staphylococcus aureus or MRSA was discovered in 1961 in the United Kingdom. It if often referred to as a superbug. MRSA infections cause more deaths in the United States every year than AIDS.

Methicilli ...
Did you know?

Interferon was scarce and expensive until 1980, when the interferon gene was inserted into bacteria using recombinant DNA technology, allowing for mass cultivation and purification from bacterial cultures.

Did you know?

Cocaine was isolated in 1860 and first used as a local anesthetic in 1884. Its first clinical use was by Sigmund Freud to wean a patient from morphine addiction. The fictional character Sherlock Holmes was supposed to be addicted to cocaine by injection.

Did you know?

Vaccines prevent between 2.5 and 4 million deaths every year.

Examining the survivorship curve of a Dall mountain sheep population reveals information on the caus Examining the survivorship curve of a Dall mountain sheep population reveals information on the caus
blood supply blood supply
Canada Total Energy Consumption by Fuel Type Canada Total Energy Consumption by Fuel Type
Strategic Management and Competitive Advantage: Concepts and Cases, 6th Edition Strategic Management and Competitive Advantage: Concepts and Cases, 6th Edition
A wave whose wavelength is 0.500 m is traveling down a 500-m long wire whose total mass is 25 ... A wave whose wavelength is 0.500 m is traveling down a 500-m long wire whose total mass is 25 ...
A 1000-kg car is slowly picking up speed as it goes around a horizontal unbanked curve whose ... A 1000-kg car is slowly picking up speed as it goes around a horizontal unbanked curve whose ...
Video: Normal and abnormal blood pH

For a complete list of videos, visit our video library