« previous next »

Author Question: Suppose that a firm has to pay a 10 tax on revenue. The profit-maximizing level of output is a. ... (Read 69 times)

SGallaher96

  • Hero Member
  • *****
  • Posts: 509
on: Jul 1, 2018
Suppose that a firm has to pay a 10 tax on revenue. The profit-maximizing level of output is
 a. unaffected by the tax.
  b. increased because of the tax.
  c. decreased because of the tax.

Question 2

Suppose that a firm has to pay a 10 tax on its total revenue. This has the effect of
 a. flattening marginal cost.
  b. increasing marginal revenue.
  c. decreasing marginal cost.
  d. decreasing marginal revenue.


Dnite

  • Sr. Member
  • ****
  • Posts: 297
Reply #1 on: Jul 1, 2018
Answer to Question 1

c

Answer to Question 2

d


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Did you know?

About 60% of newborn infants in the United States are jaundiced; that is, they look yellow. Kernicterus is a form of brain damage caused by excessive jaundice. When babies begin to be affected by excessive jaundice and begin to have brain damage, they become excessively lethargic.

Did you know?

More than 30% of American adults, and about 12% of children utilize health care approaches that were developed outside of conventional medicine.

Did you know?

Most women experience menopause in their 50s. However, in 1994, an Italian woman gave birth to a baby boy when she was 61 years old.

Did you know?

Nearly 31 million adults in America have a total cholesterol level that is more than 240 mg per dL.

Epidemiologists look for the causes of disease, such as toxic waste and industrial pollution, at the Epidemiologists look for the causes of disease, such as toxic waste and industrial pollution, at the
Higher-Level Thinking Skills Used in Massage Therapy Higher-Level Thinking Skills Used in Massage Therapy
Keeping your feelings to yourself may increase your stress level Keeping your feelings to yourself may increase your stress level
Consider a two-period economy with no investment opportunities: first and second period output ... Consider a two-period economy with no investment opportunities: first and second period output ...
Find the factor demand for labour and the amount of output it will produce. Show all ... Find the factor demand for labour and the amount of output it will produce. Show all ...
The tertiary level of protein structure for the respiratory pigment myoglobin The tertiary level of protein structure for the respiratory pigment myoglobin
Video: Negative Feedback Regulation of Blood Pressure

For a complete list of videos, visit our video library