Answer:
C. The firm will not change output but earn a lower profit
Explanation:
So when there is a lump sum tax imposed on the firm, it would cause the extra costs added to the firm's fixed costs. As the variable costs are not affected, the marginal cost remains unchanged.
However, it would shift the ATC (average total cost) curve upward due to the increase in fixed costs - leading the loss.
So that, the firm will not change the output but earn lower profit.
The main purpose was to rebel against
Answer:
The principle of conservation of charge states that the net charge of an isolated system remains constant during any physical process.
Answer:
12%
Explanation:
FV = PV*(1+i)^n
FV = 1000, PV = 130, i = annual interest rate, n = 18
∴ 1000 = 130*(1+i)^18
==> (1+i)^18 = 1000/130
==> 1+i = (1000/13)^(1/18)
i = 1.12001895 - 1
i = 0.12
i = 12%
Thus, the annual interest rate is 12%
Answer:
b. Hiring other firms to do the work
Explanation:
Subcontracting is the practice of hiring or outsourcing, part of the obligations , duties and work under a contract to another firm. this firm is known as a subcontractor
