Paying higher prices because of the tax

Assignment Help Biology
Reference no: EM132389415

Suppose the government imposes a production tax on one perfectly competitive firm in an industry that is in perfect competition. For each unit the taxed firm produces, it must pay $2 to the government. Will consumers in this market end up paying higher prices because of the tax? Why or why not?

Reference no: EM132389415

Questions Cloud

Back into someone hands as his or her income : How can the money you put into a bank get back into someone's hands as his or her income? The money you put into a newly formed business?
How can the money you put into a bank get back : How can the money you put into a bank get back into someone's hands as his or her income? The money you put into a newly formed business? The money you put into
Desires to consume additional quantities : Some commodities consumed by certain households can be psychologically or physically habit-forming, so that the more a person consumes of them
Identify a client who may be ready to terminate therapy : Although termination is an inevitable part of the therapeutic process, it is often difficult for clients. However, by discussing termination throughout therapy.
Paying higher prices because of the tax : Will consumers in this market end up paying higher prices because of the tax? Why or why not?
Infant industry be beneficial to a country : Under what circumstances can protecting an infant industry be beneficial to a country? Be precise and detailed in your answer.
How health and illness beliefs influence assessment process : In a 2-3 page paper discuss how health and illness beliefs can influence the assessment process. You can use the Table on Traditional Health and Illness.
Explain the factors of production : Explain the factors of production and give an example for each one.
How you would disseminate the results of your project : Explain how you would disseminate the results of your project to an audience. Provide a rationale for why you selected this dissemination strategy.

Reviews

Write a Review

Biology Questions & Answers

  Immune response to infectious disease

It is a very curcial concept to understand how the immune response is mounted against viruses, bacteria, protozoans and helminthes. For an effective immune response, both innate and adaptive immunity should work together.

  A review on advanced glycated end products (ages)

This Project report elaborates a critical review of important elements attached to Advanced Glycated End Products (AGEs). It is very crucial to understand the process called Millard reaction.

  Plastic as a soil stabilizer

Soil stabilization is the permanent physical and chemical alteration of soils to enhance their physical properties. Stabilization can increase the shear strength of a soil and control the shrink-swell properties.

  Principles of microbiology

This assignment has three parts which contains questions related to Microbiology. It contains basic principles of microscopy, staining techniques in microbiology and microbial growth in the food industry.

  List the biologic functions

Lipid metabolites are often seen as key elements in cellular signaling. Is this unique? Please provide several examples of the function of lipids as key elements in signal arrays and list the biologic functions these signals affect?

  Biologic function relationships

Please describe how one might search for chemical structure, biologic function relationships, involving small molecular weight lipophylic compounds. Provide one example.

  Case study on patient in the haematology laboratory

Write a case study which detailing a scenario of a patient being investigated in the Haematology laboratory.

  Use of pcr and genetic approaches in biotechnology

The use of PCR and genetic approaches in biotechnology

  Describe the role of this enzyme in honey

Glucose oxidase is an enzyme that can be used for measurements of glucose levels by combining this reaction with an oxygen probe.

  Genetic problems

What phenotypic ratio would you get if you crossed a white mouse and a heterozygous brown mouse?

  Prepare an essay on nosocomial infection

Prepare an essay on nosocomial infection.

  Monitoring and recording the blood pressure

To increase the awareness of monitoring and recording the blood pressure of patients and practice measuring blood pressure in a safe environment.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd