A tax on sellers:
A. shifts the supply curve left by the amount of the tax.
B. shifts the demand curve left by the amount of the tax.
C. shifts the supply curve up by the amount of the tax.
D. shifts the demand curve down by the amount of the tax.
C. shifts the supply curve up by the amount of the tax.
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Laura's Pizza Place incurs $800,000 per year in explicit costs and $100,000 in implicit costs. The restaurant earns $1.3 million in revenues. Based on this information, what is the accounting profit for Laura's Pizza Place?
A) $200,000 B) $400,000 C) $500,000 D) $900,000
The exchange rate
A) is the price of one country's money in terms of another country's money. B) is largely determined by Treasury budget policy. C) is not a market-determined price. D) has little impact on the balance sheet and income statements of businesses with foreign holdings.
Explain what will happen in the market for pagers as the technology used to produce them improves at the same time that the price of cellular phones decreases
The investment expenditure component of aggregate demand is also known as:
a. money spent in the stock market. b. spending to repair existing capital goods. c. spending used to enhance human capital. d. spending on new capital goods.