At the current price of a good, Al's consumer surplus equals 15, and Ben's consumer surplus equals 15. By charging a two-part tariff, a monopolist could increase his profit by
A) 8.
B) 16.
C) 15.
D) 30.
D
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All of the following apply to the description of a market in equilibrium except
a. quantity supplied equals quantity demanded b. the intersection of the supply and demand curves c. no excess supply exists d. no excess demand exists e. the price of the good is falling
Alex, a resident of the United States, has accrued capital gains and she died prior to the realization of her gains. Which of the following is true of Alex's capital gains?
A. Her capital gains are tax free. B. Her capital gains are transferred to government revenue. C. Her heirs cannot sell her asset immediately. D. Her heirs cannot hold her assets.
Suppose the United States decides to impose a $1,000 tax on every Japanese minivan sold in the United States. This is an example of:
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