Principles of Microeconomics
7th Edition
ISBN: 9781305156050
Author: N. Gregory Mankiw
Publisher: Cengage Learning
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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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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.
оооо
Marginal cost will decrease.
Average total cost will remain unchanged.
Average fixed cost will increase.
Average variable cost will remain unchanged.
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.
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.
Average fixed cost will decrease.
Average total cost will increase.
Marginal cost will remain unchanged.
Average variable cost will increase.
Which of the following statements is true as a result of the per-burger tax? Check all that apply.
0
Average fixed cost will remain unchanged.
Marginal cost will remain unchanged.
Average total cost will increase.
Average variable cost will increase.
Chapter 13 Solutions
Principles of Microeconomics
Ch. 13.1 - Prob. 1QQCh. 13.2 - Prob. 2QQCh. 13.3 - Prob. 3QQCh. 13.4 - Prob. 4QQCh. 13 - Prob. 1CQQCh. 13 - Prob. 2CQQCh. 13 - Prob. 3CQQCh. 13 - Prob. 4CQQCh. 13 - Prob. 5CQQCh. 13 - Prob. 6CQQ
Ch. 13 - Prob. 1QRCh. 13 - Prob. 2QRCh. 13 - Prob. 3QRCh. 13 - Prob. 4QRCh. 13 - Prob. 5QRCh. 13 - Prob. 6QRCh. 13 - Prob. 7QRCh. 13 - Prob. 8QRCh. 13 - Prob. 1PACh. 13 - Prob. 2PACh. 13 - Prob. 3PACh. 13 - Prob. 4PACh. 13 - Prob. 5PACh. 13 - Prob. 6PACh. 13 - Prob. 7PACh. 13 - Prob. 8PACh. 13 - Prob. 9PACh. 13 - Prob. 10PA
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