« previous next »

Author Question: The tax incidence of a specific tax or ad valorem tax is influenced by A) who pays the tax. B) ... (Read 28 times)

JMatthes

  • Hero Member
  • *****
  • Posts: 578
on: Jul 1, 2018
The tax incidence of a specific tax or ad valorem tax is influenced by
 
  A) who pays the tax.
  B) the amount of the tax.
  C) the price elasticities of supply and demand.
  D) All of the above.

Question 2

In the long run, competitive firms MUST be profit maximizers because if they do not maximize profits,
 
  A) they will not survive.
  B) they will not be price takers.
  C) they will attract entry.
  D) the profits that they do earn will only cover variable costs.
Microeconomics ¦ Perloff ¦ 8th Edition
Buy Test-Bank


Eazy416

  • Sr. Member
  • ****
  • Posts: 360
Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Aspirin is the most widely used drug in the world. It has even been recognized as such by the Guinness Book of World Records.

Did you know?

Cancer has been around as long as humankind, but only in the second half of the twentieth century did the number of cancer cases explode.

Did you know?

In Eastern Europe and Russia, interferon is administered intranasally in varied doses for the common cold and influenza. It is claimed that this treatment can lower the risk of infection by as much as 60–70%.

Did you know?

According to the Migraine Research Foundation, migraines are the third most prevalent illness in the world. Women are most affected (18%), followed by children of both sexes (10%), and men (6%).

Did you know?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

The three stages of a specific immune response. The three stages of a specific immune response.
PCR primers detect and amplify a specific genomic region PCR primers detect and amplify a specific genomic region
Relationship of the 12 cranial nerves to specific regions of the brain. Relationship of the 12 cranial nerves to specific regions of the brain.
Antibody techniques. The specific reaction of an antibody with its antigen Antibody techniques. The specific reaction of an antibody with its antigen
Type II Tissue Specific Reactions Type II Tissue Specific Reactions
Time course for antibodies to the EBV viral–specific antigens. Time course for antibodies to the EBV viral–specific antigens.
Video: Cleavage and Implantation Animation

For a complete list of videos, visit our video library