When a tax is imposed on a good, at the after-tax equilibrium the marginal benefit of the last unit produced ________ the marginal cost

A) equals
B) is greater than
C) is less than
D) can be calculated but is not comparable to
E) The premise of the question is incorrect because after a tax is imposed, it becomes impossible to determine the marginal benefit and the marginal cost.


B

Economics

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Which of the following will not cause a demand curve to shift position?

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Michigan has an abundant supply of fresh water. However, an economist would consider it a scarce resource because

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