7. Lump-Sum Tax The city government is considering two tax proposals: • A lump-sum tax of $300 on each producer of hamburgers. •A tax of $1 per burger, paid by producers of hamburgers. Which of the following statements is true as a result of the lump-sum tax? Check all that apply. O Average fixed cost will increase. O Average variable cost will remain unchanged. O Average total cost will remain unchanged. O Marginal cost will decrease. Which of the following statements is true as a result of the per-burger tax? Check all that apply. O Average variable cost will increase. O Marginal cost will remain unchanged. O Average total cost will increase. D Average fixed cost will remain unchanged.

7. Lump-Sum Tax The city government is considering two tax proposals: • A lump-sum tax of $300 on each producer of hamburgers. •A tax of $1 per burger, paid by producers of hamburgers. Which of the following statements is true as a result of the lump-sum tax? Check all that apply. O Average fixed cost will increase. O Average variable cost will remain unchanged. O Average total cost will remain unchanged. O Marginal cost will decrease. Which of the following statements is true as a result of the per-burger tax? Check all that apply. O Average variable cost will increase. O Marginal cost will remain unchanged. O Average total cost will increase. D Average fixed cost will remain unchanged.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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