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Author Question: An income tax will have zero welfare cost when an individuals labor supply curve is perfectly ... (Read 21 times)

altibaby

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on: Jul 1, 2018
An income tax will have zero welfare cost when an individuals labor supply curve is perfectly inelastic _____.
 
  a. always
  b. never
  c. only if the income effect is zero
   d. only if the substitution effect is zero

Question 2

A monopolist faces the inverse demand curve P = 60 - Q. It has variable costs of Q2 so that its marginal costs are 2Q, and it has fixed costs of 30. At its profit maximizing output level, the monopoly's average cost is
 
  A) 11.
  B) 13.
  C) 17.
  D) 21.5.
Microeconomics ¦ Perloff ¦ 8th Edition
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enass

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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.
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altibaby

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Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

Zebsrer

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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