Author Question: If a specific tax is implemented A) the firm's average cost curve shifts up, resulting in lower ... (Read 50 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?

Street names for barbiturates include reds, red devils, yellow jackets, blue heavens, Christmas trees, and rainbows. They are commonly referred to as downers.

Did you know?

Parkinson's disease is both chronic and progressive. This means that it persists over a long period of time and that its symptoms grow worse over time.

Did you know?

Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates’s recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

Adult head lice are gray, about ? inch long, and often have a tiny dot on their backs. A female can lay between 50 and 150 eggs within the several weeks that she is alive. They feed on human blood.

For a complete list of videos, visit our video library