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 74 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  a. lobby to get the tax repealed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?

On average, someone in the United States has a stroke about every 40 seconds. This is about 795,000 people per year.

Did you know?

Blood is approximately twice as thick as water because of the cells and other components found in it.

Did you know?

Liver spots have nothing whatsoever to do with the liver. They are a type of freckles commonly seen in older adults who have been out in the sun without sufficient sunscreen.

Did you know?

Serum cholesterol testing in adults is recommended every 1 to 5 years. People with diabetes and a family history of high cholesterol should be tested even more frequently.

Did you know?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

Unit of blood. Unit of blood.
Controlled cold compression unit. Controlled cold compression unit.
A throttle-body injection (TBI) unit used on a GM V-6 engine. A throttle-body injection (TBI) unit used on a GM V-6 engine.
Insulin Syringes: 100 Unit (A), 50 Unit (B), and 30 Unit (C) Insulin Syringes: 100 Unit (A), 50 Unit (B), and 30 Unit (C)
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: Interspecific Competition Relationship - Competitive & Niche Differentiation

For a complete list of videos, visit our video library