Refer to the below graph. How much is the total amount of tax revenue going to the government?
The graphs below illustrate the market for a product on which an excise tax has been imposed by government.
A. $77
B. $80
C. $42
D. $56
C. $42
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Whenever productive resources are used to make capital goods
A) society is not producing efficiently. B) society is giving up current consumption. C) the production possibilities curve becomes flatter. D) absolute advantage occurs.
Typically, a capital expenditure project will result in:
a. a cash flow stream to the firm b. a cash outflow from the firm c. an initial (one-year) outflow followed by a series of cash inflows d. for long projects, an initial five-year outflow followed by a series of cash inflows
When isoquants get progressively closer together there is
a. increasing returns to scale b. decreasing returns to scale c. constant returns to scale
A capital gains tax is a tax on the:
A. earnings of individuals and corporations. B. income earned by buying assets and selling them at a higher price. C. wages paid to an employee. D. value of a good or service being purchased.