If only one competitive firm receives a specific subsidy (negative tax) of s, how should that firm
Question:
If only one competitive firm receives a specific subsidy (negative tax) of s, how should that firm change its output level to maximize its profit, and how does its maximum profit change? Use a graph to illustrate your answer.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 70% (10 reviews)
In the long run the average cost curve will shift down by the amount of a per unit sub...View the full answer
Answered By
Cyrus Sandoval
I a web and systems developer with a vast array of knowledge in many different front end and back end languages, responsive frameworks, databases, and best code practices. My objective is simply to be the best web developer that i can be and to contribute to the technology industry all that i know and i can do. My skills include:
- Front end languages: css, HTML, Javascript, XML
- Frameworks: Angular, Jquery, Bootstrap, Jasmine, Mocha
- Back End Languages: Java, Javascript, PHP,kotlin
- Databases: MySQL, PostegreSQL, Mongo, Cassandra
- Tools: Atom, Aptana, Eclipse, Android Studio, Notepad++, Netbeans.
Having a degree in Computer Science enabled me to deeply learn most of the things regarding programming, and i believe that my understanding of problem solving and complex algorithms are also skills that have and will continue to contribute to my overall success as a developer.
I’ve worked on countless freelance projects and have been involved with a handful of notable startups. Also while freelancing I was involved in doing other IT tasks requiring the use of computers from working with data, content creation and transcription.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Microeconomics Theory And Applications With Calculus
ISBN: 978-0134167381
4th Edition
Authors: Jeffrey M. Perloff
Question Posted:
Students also viewed these Business questions
-
If a specific subsidy (negative tax) of s is given to only one competitive firm, how should that firm change its output level to maximize its profit, and how does its maximum profit change? Use a...
-
Pollution that increases firm costs - Barney's Solution: Consider the same situation as the one described in exercise 21.9. A: Assume again that the only impact of pollution is that it increases firm...
-
1. A profit-maximizing firm picks the quantity of output at which ______ equals ______. 2. Arrows up or down: At a firms current level of output, marginal revenue exceeds the marginal cost. The firm...
-
Last year, Lena biked 330 miles. This year, she biked k miles. Using k, write an expression for the total number of miles she biked.
-
Refer to the information for Cookie Dough Corporation below. Cookie Dough Corporation issued $850,000 in 9%, 10-year bonds (payable on December 31, 2030) on January 1, 2021, for $907,759. Interest is...
-
Below are balance sheet and income statement data for Blue Panel Corporation. (For the balance sheet data, the end-of-year information is in the left column.) Balance Sheet Income Statement (for...
-
A breakwater is a wall built around a harbor so the incoming waves dissipate their energy against it. The significant dimensionless parameters are the Froude number Fr and the Reynolds number Re. A...
-
Fan Base (FB) operates a megastore featuring sports merchandise. It uses an EOQ decision model to make inventory decisions. It is now consider ing inventory decisions for its Los Angeles Galaxy...
-
Analyze the Navier-Stokes equations in the context of fluid dynamics, focusing on their mathematical complexity and physical interpretation, and discuss the conditions under which these equations...
-
XYZ is a calendar-year corporation that began business on January 1, 2018. For 2018, it reported the following information in its current-year audited income statement. Notes with important tax...
-
The government imposes a specific tax of t = 2 on laundry. Acme Laundrys pre-tax cost function is C(q) = 10 + 10q + q 2 . How much should the firm produce to maximize its after-tax profit if the...
-
According to the Application Fracking and Shutdowns, conventional oil wells have lower shutdown points than those that use fracking. Use figures to compare the supply curves of firms with...
-
Pro Leather, a supplier to sporting goods manufacturers, has a current ratio of 0.90, based on current assets of $450,000 and current liabilities of $500,000. How, if at all, will a $100,000 purchase...
-
Writing a long essay on the documentary "The Death and Life of Marsha P. Johnson" and I need help writing the essay by answering these prompts (please be lengthy and concise as possible): Looking at...
-
In the case of Chaplinsky v New Hampshire, Walter Chaplinsky, a jehovah's witness, was handing out religious pamphlets and speaking one afternoon in Rochester, New Hampshire, with a crowd gathered...
-
A borrower takes out a 30-year FRM for $300,000 with an annual interest rate of 4% plus 3 discount points. All the loan closing fees is $3,000 including fees to third parties. The monthly payment of...
-
In the above setup, what is the detection probability of O+B- click: a. 0 b. 25% R c. 50% d. 100% O+ I+ MK 2/4 BS D- e+ e- M BS BS B- M
-
Explain the differences between a service company, merchandising company, and manufacturing company. Provide examples of these three types of companies and why each would be considered a service,...
-
Lennon Industries had the following transactions. 1. Borrowed $5,000 from the bank by signing a note. 2. Paid $3,900 cash for a computer. 3. Purchased $650 of supplies on account. Instructions a....
-
A copper rod of length L =18.0 in is to be twisted by torques T (see figure) until the angle of rotation between the ends of the rod is 3.08. (a) If the allowable shear strain in the copper is 0.0006...
-
What is the short-run and long-run effect on firm and market equilibrium of the U. S. law requiring a firm to give its workers six months notice before it can shut down its plant?
-
In late 2004 and early 2005, the price of raw coffee beans jumped as much as 50% from the previous year. In response, the price of roasted coffee rose about 14%. Similarly, in 2012, the price of raw...
-
In late 2004 and early 2005, the price of raw coffee beans jumped as much as 50% from the previous year. In response, the price of roasted coffee rose about 14%. Similarly, in 2012, the price of raw...
-
John Adams plans to retire at the age of 62. He wants an annual income of $60,000 per year. John is currently 45 years of age. How much does he have to place at the beginning of each year into a...
-
Assume that four years and one month from today you plan to make the first of several annual withdrawals from an account. Your first withdrawal will equal $1000. You plan for these withdrawals to...
-
If I borrowed 15,000 in student loans at an annual interest of 7%. and then repay $1800 per year, then how long will it take me to repay the loan?
Study smarter with the SolutionInn App