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Licemer1 [7]
3 years ago
7

For commodity X, average cost is equal to marginal cost at every level of output. Assuming that the market for X is competitive

and the demand curve is linear, analyze the effects when a unit tax of u dollars is imposed. Now analyze the effects of the same tax assuming that the market for X is a monopoly. Discuss the differences.
Business
1 answer:
yuradex [85]3 years ago
7 0

Answer:

2 3 For commodity X average cost is equal to marginal cost at every level of from ... curve is linear, analyze the effects when a unit tax of u dollars is imposed. Now analyze the effects of the same tax assuming that the market for X is a monopoly. ... Suppose that the demand curve is (where is the number of gallons of liquor ...

Explanation:

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Measuring assets and liabilities based on their original transaction value is an example of:__________
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Answer: historical cost

Explanation:

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If a firm’s expenses equal or exceed its revenue, what actions might management take?
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In a case whereby firm’s expenses equal or exceed its revenue, the actions that might be taken by management is To check their production process and check the cost of their input.

<h3>What are expenses?</h3>

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2 years ago
Shelley was initially moderately in favor of a proposal to build a city bike path. At a meeting, she learns that not only will t
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Answer:

The appropriate response is "Persuasive arguments".

Explanation:

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5 0
3 years ago
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Answer:

C. Net income and stockholders' equity are both overstated.

Explanation:

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