The above figure shows the demand and cost curves facing a monopoly. If a $100 per unit tax is charged, the loss in welfare resulting from the tax is
A) $250.
B) $312.50.
C) $1,250.
D) $1,562.50.
D
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Economic prosperity returned under the New Deal programs of the 1930s
Indicate whether the statement is true or false
Because resources are scarce,
a. opportunity costs are zero b. people must make choices among alternatives c. all human wants and desires can be satisfied d. resource prices are fixed e. commodities are free
If the consumer price index was 96 in 2012, 100 in 2013, and 102 in 2014, then the base year must be
a. 2012. b. 2013. c. 2014. d. The base year cannot be determined from the given information.
Policies that make it more difficult to fire an employee are likely to:
A. have no impact on unemployment. B. lead to less unemployment. C. affect frictionally unemployed workers more than other unemployed workers. D. lead to greater unemployment.