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

Author Question: The Clinton administration has recommended an increase in the tax on yachts to help pay for ... (Read 31 times)

BRWH

  • Hero Member
  • *****
  • Posts: 553
on: Jul 1, 2018
The Clinton administration has recommended an increase in the tax on yachts to help pay for government programs. Which of the following is true?
 
  A) The burden of this tax will fall entirely on yacht consumers.
  B) The burden of this tax will fall entirely on yacht manufacturers.
  C) The sales of yachts will decrease.
  D) The profit of yacht manufacturers will increase.
  E) Employment of workers in the yacht industry will increase.

Question 2

At the profit-maximizing level of output, what is relationship between the total revenue (TR) and total cost (TC) curves?
 
  A) They must intersect, with TC cutting TR from below.
  B) They must intersect, with TC cutting TR from above.
  C) They must be tangent to each other.
  D) They cannot be tangent to each other.
  E) They must have the same slope.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

strudel15

  • Sr. Member
  • ****
  • Posts: 324
Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

E


BRWH

  • Member
  • Posts: 553
Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it

kilada

  • Member
  • Posts: 311
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Complications of influenza include: bacterial pneumonia, ear and sinus infections, dehydration, and worsening of chronic conditions such as asthma, congestive heart failure, or diabetes.

Did you know?

Approximately 15–25% of recognized pregnancies end in miscarriage. However, many miscarriages often occur before a woman even knows she is pregnant.

Did you know?

Fatal fungal infections may be able to resist newer antifungal drugs. Globally, fungal infections are often fatal due to the lack of access to multiple antifungals, which may be required to be utilized in combination. Single antifungals may not be enough to stop a fungal infection from causing the death of a patient.

Did you know?

Only 12 hours after an egg cell is fertilized by a sperm cell, the egg cell starts to divide. As it continues to divide, it moves along the fallopian tube toward the uterus at about 1 inch per day.

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Risks of infectious disease increase in (a) high-density agricultural populations compared to (b) lo Risks of infectious disease increase in (a) high-density agricultural populations compared to (b) lo
Mean scores for Erikson’s stage V (Identity) for two cohorts. Scores for both cohorts increase ... Mean scores for Erikson’s stage V (Identity) for two cohorts. Scores for both cohorts increase ...
The gas cap on a Ford vehicle notes that BP fuel is recommended. The gas cap on a Ford vehicle notes that BP fuel is recommended.
Food and Drug Administration (FDA) Pregnancy Categories Food and Drug Administration (FDA) Pregnancy Categories
Ophthalmic drug administration Ophthalmic drug administration
How high a hill would a 75-kg hiker have to climb to increase her gravitational potential ... How high a hill would a 75-kg hiker have to climb to increase her gravitational potential ...
Video: Structures that affect circulation - kidneys and blood volume and skeletal muscle pumping

For a complete list of videos, visit our video library