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

Author Question: The government prefers an ad valorem tax to a specific tax that reduces the monopoly output by the ... (Read 121 times)

chandani

  • Hero Member
  • *****
  • Posts: 541
on: Jul 1, 2018
The government prefers an ad valorem tax to a specific tax that reduces the monopoly output by the same amount because
 
  A) consumers are not harmed by the ad valorem tax.
  B) the monopoly prefers the ad valorem tax.
  C) consumers prefer the ad valorem tax.
  D) the ad valorem tax transfers more revenue from the monopoly to the government.

Question 2

If a competitive firm finds that it maximizes short-run profits by shutting down, which of the following must be TRUE?
 
  A) p < AVC for all levels of output.
  B) p < AVC only for the level of output at which p = MC.
  C) p < AVC only if the firm has no fixed costs.
  D) The firm will earn zero profit.
Microeconomics ¦ Perloff ¦ 8th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

kristenb95

  • Sr. Member
  • ****
  • Posts: 318
Reply #1 on: Jul 1, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 29% of students answer this correctly


chandani

  • Hero Member
  • *****
  • Posts: 541
Reply #2 on: Jul 1, 2018
Thank you


kristenb95

  • Sr. Member
  • ****
  • Posts: 318
Reply #3 on: Jul 1, 2018
No problemo


« previous next »
 

Did you know?

A headache when you wake up in the morning is indicative of sinusitis. Other symptoms of sinusitis can include fever, weakness, tiredness, a cough that may be more severe at night, and a runny nose or nasal congestion.

Did you know?

Parkinson's disease is both chronic and progressive. This means that it persists over a long period of time and that its symptoms grow worse over time.

Did you know?

Less than one of every three adults with high LDL cholesterol has the condition under control. Only 48.1% with the condition are being treated for it.

Did you know?

Automated pill dispensing systems have alarms to alert patients when the correct dosing time has arrived. Most systems work with many varieties of medications, so patients who are taking a variety of drugs can still be in control of their dose regimen.

Did you know?

Increased intake of vitamin D has been shown to reduce fractures up to 25% in older people.

This chart shows the various lines of responsibility and how they differ in presidential and parliam This chart shows the various lines of responsibility and how they differ in presidential and parliam
Prostate-specific antigen test. Prostate-specific antigen test.
Massage reduces muscle tension and promotes relaxation. Massage reduces muscle tension and promotes relaxation.
Solar output Solar output
Age-Specific Fertility Rates Age-Specific Fertility Rates
A government of Ontario 364-day T-bills with a face value of $50 000 were purchased on January ... A government of Ontario 364-day T-bills with a face value of $50 000 were purchased on January ...
Video: Forming urine ( influencing factors), Forming dilute urine & Forming concentrated urine

For a complete list of videos, visit our video library