The above figure depicts the market for video games. If the government imposed a $3 per game tax on sellers, what would be the new equilibrium price paid by consumers after the tax?
A) less than $27 per game
B) $27 per game
C) more than $27 per game.
D) More information is needed to determine if the price is more than, less than, or equal to $27 per game.
C
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Refer to the table below. What is Crunchy Fruits total marginal cost to produce 10,500 units
Crunchy Fruits makes dried fruit snacks. Crunchy Fruits has a multi-plant firm with two production facilities. The table above summarizes the marginal cost of production at the individual plants and the corresponding quantity produced at the individual plants.
A) $.075
B) $2.25
C) $1.75
D) $1.0
Where is the monopoly supply curve located?
a. above the marginal revenue curve b. below the marginal revenue curve c. to the right of the marginal cost curve d. coincident with the marginal cost curve e. there is no monopoly supply curve
Which of the following contributed to the financial crisis of 2008?
What will be an ideal response?
The costs of lead contamination have been estimated to be $1 billion for medical care of those sickened by lead, plumbing repairs, and reduced earnings of those affected by lead. This $1 billion can best be classified as:
A.) The benefits of government intervention. B.) The costs of government intervention. C.) Social costs of market failure. D.) Social costs of government failure