Which of the following affects both the marginal and average total cost curves of a firm in the short run?
A. A change in consumer income.
B. A change in property taxes.
C. A change in profit taxes.
D. A change in payroll taxes.
Answer: D
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Your textbook uses the "bite, chew, choke" story to explain
A) how restrictive monetary policy leads to a recession. B) how expansionary monetary policy ultimately leads to a recession. C) how restrictive fiscal policy leads to a recession. D) how expansionary fiscal policy ultimately leads to a recession.
The balance sheet channel describes ways in which interest rate changes resulting from monetary policy affect
A) the portfolio decisions of households. B) the portfolio decisions of businesses. C) borrowers' net worth. D) lenders' net worth.
An increase in inflation in the United States relative to the rate in France would make:
a. U.S. goods relatively less expensive in the United States and in France. b. French goods relatively less expensive in the United States and U.S. goods relatively more expensive in France. c. French goods relatively more expensive in the United States and in France. d. French goods relatively more expensive in the United States and U.S. goods relatively less expensive in France.
Whenever any firms in a concentrated industry merge, the four firm concentration ratio ___ and the Herfindahl-Hirschman Index ____: a. Will rise; will rise
b. Will rise; may rise or stay the same. c. May rise or stay the same; will rise. d. May rise or stay the same; May rise or stay the same.