« previous next »

Author Question: A tax that is imposed as a specific amount per unit of a good is a(n) A) excise or specific tax. ... (Read 135 times)

luvbio

  • Hero Member
  • *****
  • Posts: 623
on: Jul 1, 2018
A tax that is imposed as a specific amount per unit of a good is a(n)
 
  A) excise or specific tax.
  B) sales or ad valorem tax.
  C) compound duty.
  D) income tax.

Question 2

Market price is 50. The firm's marginal cost curve is given by MC = 10 + 2Q.
 
  a. Find the profit-maximizing output for the firm.
  b. At this output, is the firm making a profit? Explain your answer.


Hdosisshsbshs

  • Sr. Member
  • ****
  • Posts: 315
Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

a. 50 = 10 + 2Q
Q = 20
b. It is impossible to say without further information. We know that at a quantity of 20, the firm will maximize profit or minimize loss, but without information on total costs, we cannot tell if there is a profit or loss.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

luvbio

  • Hero Member
  • *****
  • Posts: 623
Reply #2 on: Jul 1, 2018
Thank you :)


Hdosisshsbshs

  • Sr. Member
  • ****
  • Posts: 315
Reply #3 on: Jul 1, 2018
Happy to help you


« previous next »
 

Did you know?

A cataract is a clouding of the eyes' natural lens. As we age, some clouding of the lens may occur. The first sign of a cataract is usually blurry vision. Although glasses and other visual aids may at first help a person with cataracts, surgery may become inevitable. Cataract surgery is very successful in restoring vision, and it is the most frequently performed surgery in the United States.

Did you know?

Hypertension is a silent killer because it is deadly and has no significant early symptoms. The danger from hypertension is the extra load on the heart, which can lead to hypertensive heart disease and kidney damage. This occurs without any major symptoms until the high blood pressure becomes extreme. Regular blood pressure checks are an important method of catching hypertension before it can kill you.

Did you know?

Most childhood vaccines are 90–99% effective in preventing disease. Side effects are rarely serious.

Did you know?

The average human gut is home to perhaps 500 to 1,000 different species of bacteria.

Did you know?

Human stomach acid is strong enough to dissolve small pieces of metal such as razor blades or staples.

The relationship of substrate con- version (as measured by optical density) to the amount of patient ... The relationship of substrate con- version (as measured by optical density) to the amount of patient ...
Phosphopantetheine as the reactive unit in ACP and CoA Phosphopantetheine as the reactive unit in ACP and CoA
Schematic depiction of the action of tryptophan synthase in one functional unit Schematic depiction of the action of tryptophan synthase in one functional unit
Rice noodles are a good gluten-free substitute for pasta Rice noodles are a good gluten-free substitute for pasta
Carrots are a good source of vitamin A Carrots are a good source of vitamin A
Dried fruits are good source of sulfur Dried fruits are good source of sulfur
Video: Gastrulation: cross section of the frog

For a complete list of videos, visit our video library