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Author Question: When a unit tax is placed on suppliers they are generally able to _____. a. lobby to get the tax ... (Read 73 times)

CharlieWard

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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  a. lobby to get the tax repealed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.


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softEldritch

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Reply #1 on: Jul 1, 2018
Answer to Question 1

d

Answer to Question 2

B


CharlieWard

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Reply #2 on: Jul 1, 2018
Correct answers!


softEldritch

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Reply #3 on: Jul 1, 2018
Great! Please up vote :D


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