Which of the following are taxed?
a. both corporate profits and dividends shareholders receive
b. corporate profits but not dividends shareholders receive
c. dividends shareholders receive but not corporate profits
d. neither corporate profits nor dividends shareholders receive
a
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One reason the demand for laptop computers might increase is a
A) decrease in income if laptops are a normal good. B) change in preferences as laptops have become more portable, with faster processors and larger hard drives. C) fall in the price of a laptop computers. D) poor quality performance record for laptop computers. E) fall in price of desktop computers.
The Skinned Knee Corporation can produce either 300 skateboards each week or 500 snowboards each week. What is their opportunity cost of producing 300 skateboards each week?
A) 300 skateboards B) 200 snowboards C) 500 snowboards D) 800 snowboards
The figure shows the market for books before and after a sales tax is introduced. The tax on books is ________ a book, buyers pay ________ of tax per book, and the government's tax revenue is ________ a week
A) $1.20; $0.80; $128 B) $0.80; $1.20; $12 C) $0.40; $0.40; $4 D) $1.20; $0.80; $12
If, as a perfectly competitive industry expands, it can supply larger quantities at the same long-run market price, it is
A) a constant-cost industry. B) a fixed-cost industry. C) an increasing-cost industry. D) a decreasing-cost industry.