If the government levies a $1,000 tax per boat on sellers of boats, then the price paid by buyers of boats would
a. increase by more than $1,000.
b. increase by exactly $1,000.
c. increase by less than $1,000.
d. decrease by an indeterminate amount.
c
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The Cournot model assumes that firm A maximizes its profit, holding firm B's output constant
What will be an ideal response?
________ is maximized when the marginal cost of production equals the marginal benefit to consumers
a. Efficiency b. Productivity c. Social welfare d. Economic profit
Stock represents
a. a claim to a share of the profits of a firm. b. ownership in a firm. c. equity finance. d. All of the above are correct
Managers can get workers to work longer hours:
A. by lowering wages on all hours worked. B. by increasing wages on all hours worked. C. with higher overtime pay in excess of regular hourly pay. D. with lower overtime pay in excess of regular hourly pay.