The city govermment 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 total cost will increase.O Marginal cost will increase.O Average variable cost will remain unchanged.O Average fixed cost will increase.Which of the following statements is true as a result of the per-burger tax? Check all that apply.OAverage total cost will increase.O Average variable cost will increase.O Average fixed cost will remain unchanged.O Marginal cost will remain unchanged.52°F Mostly cloudyCop441DI&8.

Taxation is the process by which a government collects money from individuals, businesses, and other…

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

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

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter7: Production, Costs, And Industry Structure

Section: Chapter Questions

Problem 4SCQ: Based on your answers to the WipeOut Ski Company in Exercise 7.3, now imagine a situation where the...

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Based on your answers to the WipeOut Ski Company in Exercise 7.3, now imagine a situation where the firm produces a quantity of 5 units that it sells for a price of 25 each. What will be the companys profits or losses? How can you tell at a glance whether the company is making or losing money at this price by looking at average cost? At the given quantity and price, is the marginal unit produced adding to profits?
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.
KK Enterprises' average total cost curve (ATC) has shifted up, but its average variable cost curve (AVC) and marginal cost curve (MC) haven't changed. Which of the following would cause the change in ATC, but not affect AVC or MC ? Select one: O a. a tax on a variable cost of production O b. an improvement in productivity Ос. a decline in productivity O d. a tax on a fixed cost of production
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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.