Author Question: If a specific tax is implemented A) the firm's average cost curve shifts up, resulting in lower ... (Read 53 times)

CQXA

  • Hero Member
  • *****
  • Posts: 546
If a specific tax is implemented
 
  A) the firm's average cost curve shifts up, resulting in lower profits.
  B) the after-tax marginal cost curve shifts, resulting in lower quantity produced.
  C) there is less profit per unit sold.
  D) All of the above.

Question 2

Which of the following is likely to have the shortest long run?
 
  A) a nail salon
  B) a construction firm
  C) an electric company
  D) a container ship operations company



kbennett34

  • Sr. Member
  • ****
  • Posts: 333
Answer to Question 1

D

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

The immune system needs 9.5 hours of sleep in total darkness to recharge completely.

Did you know?

The first monoclonal antibodies were made exclusively from mouse cells. Some are now fully human, which means they are likely to be safer and may be more effective than older monoclonal antibodies.

Did you know?

It is believed that humans initially contracted crabs from gorillas about 3 million years ago from either sleeping in gorilla nests or eating the apes.

Did you know?

Patients who have been on total parenteral nutrition for more than a few days may need to have foods gradually reintroduced to give the digestive tract time to start working again.

Did you know?

Although not all of the following muscle groups are commonly used, intramuscular injections may be given into the abdominals, biceps, calves, deltoids, gluteals, laterals, pectorals, quadriceps, trapezoids, and triceps.

For a complete list of videos, visit our video library