Which of the following is true? Apps M GmailHow to Bulld a $1..O YouTubeMapsReading List100BTax RevenueRefer to Figure 4-11. On the Laffer curve shown, which of the following is true?Select one:O a. Tax revenue would increase if marginal tax rates were lowered from pointC.Ob.Tax revenue would decrease if marginal tax rates were lowered from pointA.Tax revenues aretmaximized at a tax rate corresponding to point B.O d. All of the above are true.Clear my choiceWhen a government subsidy is granted to the buyers of a product, sellers can end upMaescF1F2F3F4F5#$12345Tax Rate (percent)

The tax revenue is the income of the government. The tax earned would result in the income for the…

Answered: Which of the following is true?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Would the opportunity cost be a benefit to UPS shipping or a benefit to UPS international shipping for this example? “To begin, I began selling prints of my pictures in 2019 throughout 2020. It's now closed. USPS and UPS were the options I had during this period to ship out orders. Smaller or lighter packages were more expensive to ship with UPS, but USPS provided a low-cost alternative. UPS ships more than 220 internationally, whereas; USPS is strict about shipping to specific international destinations. I have chosen USPS over UPS; by doing this, orders were delivered on time and without damage by the United States Postal Service.”
Why is collusion or coordination (such as cartels) not prevalent in the United States and other developed countries?
in the context of a market system, which of the following statements is incorrect
How do you think a centrally planned economy versus a market economy would perform under each measure of efficiency?
You hold $12,000 in cash and the exchange rate of USD (American dollar) to Venezuelan bolivar is 10.15. Calculate how much your $12,000 are worth in Venezuelan bolivars (you will need this number for the calculations below). Now, suppose that you hold as much cash in bolivars, as you found above. But the exchange rate of USD to Venezuelan bolivar goes down to 9.85. How much would your cash amount in bolivars be worth in USD? Question 29 options: A) $120 B) $11,643 $12,000 D) $12,365
d) Another classmate cares more about good grades: She gets 50 units of happiness for a B and 80 units of happiness for an A. If this classmate were your partner (but your preferences remained the same), how would your answers to parts (a) and (b) change? Which of the two classmates would you prefer as a partner? Would she also want you as a partner?
Describe any four economic systems that you know of in your economy
Bleecker Street runs from A to B, as shown in the diagram. The lone convenience store currently in operation along this street is at A. An entrepreneur who wants to open another store in the neighborhood is weighing a choice between the only two available locations, C and D. If customers, who are uniformly distributed along Bleecker Street, always shop at the store nearest to where they live, which of the locations C or D would be optimal from the perspective of customers and why? A C D B O Location D because that would minimize the average travel time for customers. O Location D because that would mean each store would get an equal share of the market. O Location C because that would give the new entrepreneur higher profits. O Locations C and D would be equally attractive because consumers have no reason to care about the relative profitability of different entrepreneurs.
Question 4 In one hour, Beth can produce 40 caps or 5 jackets, and Joan can produce 20 caps or 10 jackets. Which of the following trades would at least one of them NEVER be willing to make? Beth gives Joan 3 caps and Joan gives Beth 1 jacket Beth gives Joan 9 caps and Joan gives Beth 1 jacket Beth gives Joan 5 caps and Joan gives Beth 1 jacket Beth gives Joan 7 caps and Joan gives Beth 1 jacket
B) In his State of the Union address in 2003, President Bush supported the idea of changing from the use of internal combustion engines to fuel cells based on hydrogen as a way of reducing air pollution and the emission of greenhouse gases. Fuel cells are nonpolluting because they only emit water vapor. President Bush proposed having the government subsidize research and development of hydrogen fuel and fuel cell technology. The president did not propose raising taxes on gasoline as a way of encouraging the use of fuel cells and reducing greenhouse gases. Currently, hydrogen is more expensive than gasoline.
I quite don't understand question a.

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