Suppose a tax on sellers has been imposed in the graph shown. What is the total tax paid per unit of the good?
A. $10
B. $15
C. $16
D. $6
Answer: A
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The horizontal axis on the aggregate demand–aggregate supply model measures
A. the price of the specific product produced. B. the level of total output. C. the price level. D. the level of employment.
A company invested $400,000 in a technology that reduced the overall costs of production by reducing their cost per unit from $2 to $1.85 . Later, a manager has an opportunity to outsource production to another company at a cost per unit of $1.75 . If you are the manager, you a. should consider the $400,000 as a sunk cost, not relevant to the decision
b. should reduce his effort by ignoring any new developments and letting the production run as it is. c. should ignore the $400,000 fixed cost. d. Both A & C
The gold standard prevented a nation from controlling its domestic economy through monetary policy
a. True b. False Indicate whether the statement is true or false
Microsoft is accused of which anticompetitive practice?
A. Interlocking directorates B. Illegal “bundling” of products C. Exclusive contracts D. Predatory pricing