In short-run competitive equilibrium, which of the following is always true?
a. Profit equals zero.
b. Profit can be negative, zero, or positive.
c. Profit can be zero or positive, but not negative.
d. Profit is positive, otherwise firms would not produce.
Question 2
If the federal government placed a 50 cent per pack excise tax on cigarette manufacturers, and if as a result, the price to consumers of a pack of cigarettes went up by 40 cents, the:
a. actual burden of this tax falls mostly on consumers.
b. actual burden of this tax falls mostly on manufacturers.
c. actual burden of the tax would be shared equally by producers and consumers.
d. tax would clearly be a progressive tax.
A true albino squirrel. Note the pink eyes.
Which of the following statements is true of linkage?
Write equilibrium constant expressions for the following reactions in terms of concentration:
Competitive firms and maximization
One generation of random mating produces Hardy–Weinberg equilibrium
Hardy–Weinberg Equilibrium Genotype Frequencies for Three Alleles of a Gene