题目内容

Suppose demand for electricity is perfectly inelastic. A tax on electricity will be ( )

A. split between producers and consumers in equal shares.
B. paid only by producers.
C. paid only by consumers.
D. split between producers and consumers in unequal shares.

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A per-unit tax on a good will ( )

A. result in a decrease in total surplus.
B. generally hurt only consumer surplus.
C. generally hurt only producer surplus.
D. result in an increase in total surplus.

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If the supply curve is perfectly elastic, a per-unit tax ( )

A. does not create deadweight loss.
B. does not reduce consumer surplus.
C. does not reduce producer surplus.
D. reduces consumer surplus but increases producer surplus.

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When the marginal product of labor falls, the marginal cost of output ( )

A. falls, then rises.
B. becomes negative.
C. rises.
D. remains constant.

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The minimum points of the average variable cost and average total cost curves occur where ( )

A. the marginal cost curve lies below the average variable cost and average total cost curves.
B. the marginal cost curve intersects those curves.
C. wages are the lowest.
D. the slope of total cost is the smallest.

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Suppose demand for electricity is perfectly inelastic. A tax on electricity will be ( )

A. split between producers and consumers in equal shares. B. paid only by producers. C. paid only by consumers. D. split between producers and consumers in unequal shares.

A per-unit tax on a good will ( )

If the supply curve is perfectly elastic, a per-unit tax ( )

When the marginal product of labor falls, the marginal cost of output ( )

The minimum points of the average variable cost and average total cost curves occur where ( )

A. split between producers and consumers in equal shares.
B. paid only by producers.
C. paid only by consumers.
D. split between producers and consumers in unequal shares.