A fixed cost, average fixed cost, average total cost and average variable cost .

Question

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. Marginal cost will remain unchanged. Average total cost will increase. O Average fixed cost will decrease. O Average variable cost will increase. Which of the following statements is true as a result of the per-burger tax? Check all that apply. Average total cost will remain unchanged. Marginal cost will increase. O Average variable cost will increase. Average fixed cost will decrease.

Answer 1

Question

Chapter 13, Problem 8PA

Subpart (a):

To determine

A fixed cost, average fixed cost, average total cost and average variable cost.

Subpart (b):

To determine

A fixed cost, average fixed cost, average total cost and average variable cost.

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