Author Question: The mobility of _____ means that in the _____ it can be used for consumption, thus the burden of ... (Read 47 times)

Medesa

  • Hero Member
  • *****
  • Posts: 507
The mobility of _____ means that in the _____ it can be used for consumption, thus the burden of most corporate income taxes will be borne by the customers of a firm.
 
  a. labor; long run
  b. labor; short run
  c. capital; long run
   d. capital; short run

Question 2

The above figure shows the market demand curve for mobile telecommunications (time spent on a mobile phone). The current price is 0.35 per minute. If the price were to increase by ten cents per minute, consumer surplus would
 
  A) fall to 820.
  B) fall by 84.
  C) fall by 58.
  D) fall to 369.



kingdude89

  • Sr. Member
  • ****
  • Posts: 336
Answer to Question 1

c

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

About 3.2 billion people, nearly half the world population, are at risk for malaria. In 2015, there are about 214 million malaria cases and an estimated 438,000 malaria deaths.

Did you know?

The FDA recognizes 118 routes of administration.

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

Did you know?

Colchicine is a highly poisonous alkaloid originally extracted from a type of saffron plant that is used mainly to treat gout.

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

For a complete list of videos, visit our video library