This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: When a unit tax is placed on suppliers they are generally able to _____. a. lobby to get the tax ... (Read 79 times)

CharlieWard

  • Hero Member
  • *****
  • Posts: 578
on: Jul 1, 2018
When a unit tax is placed on suppliers they are generally able to _____.
 
  a. lobby to get the tax repealed
  b. shift the tax payment to the demanders
  c. shift part of the tax burden to the demanders in the form of a secondary tax
   d. shift part of the tax burden to the demanders in the form of a higher price

Question 2

Which of the following statements about profit maximizing firms in a competitive market is FALSE?
 
  A) Firms earn no economic profit in the long run.
  B) Marginal revenue does not have to equal marginal cost.
  C) p - MC = 0.
  D) Price equals marginal revenue.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

softEldritch

  • Sr. Member
  • ****
  • Posts: 334
Reply #1 on: Jul 1, 2018
Answer to Question 1

d

Answer to Question 2

B


CharlieWard

  • Hero Member
  • *****
  • Posts: 578
Reply #2 on: Jul 1, 2018
Correct answers!


softEldritch

  • Sr. Member
  • ****
  • Posts: 334
Reply #3 on: Jul 1, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

Did you know?

The Centers for Disease Control and Prevention (CDC) was originally known as the Communicable Disease Center, which was formed to fight malaria. It was originally headquartered in Atlanta, Georgia, since the Southern states faced the worst threat from malaria.

Did you know?

On average, the stomach produces 2 L of hydrochloric acid per day.

Did you know?

The shortest mature adult human of whom there is independent evidence was Gul Mohammed in India. In 1990, he was measured in New Delhi and stood 22.5 inches tall.

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.

Mutualisms, such as those that occur among plants and pollinators, generally involve large numbers o Mutualisms, such as those that occur among plants and pollinators, generally involve large numbers o
A disposable cautery unit. A disposable cautery unit.
How is this worker trying to avoid becoming a depersonalized unit in a bureaucratic-economic ... How is this worker trying to avoid becoming a depersonalized unit in a bureaucratic-economic ...
A dual-nozzle TBI unit on a Chevrolet 5.0 L V-8 engine. The fuel is squirted above the throttle ... A dual-nozzle TBI unit on a Chevrolet 5.0 L V-8 engine. The fuel is squirted above the throttle ...
50-Unit Insulin Syringe 50-Unit Insulin Syringe
If P(θ) = (√3 /2, -1/ 2), determine the coordinates of P (θ + 90 °) using the unit circle If P(θ) = (√3 /2, -1/ 2), determine the coordinates of P (θ + 90 °) using the unit circle
Video: The primary factors that affect circulation - MABP, CO and SVR

For a complete list of videos, visit our video library