A windfall profit tax imposed on oil companies would shift the firms'

A) marginal tax rate.
B) marginal cost curve.
C) average cost curve.
D) production function.

C

Economics

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Suppose iPhones cost consumers $200 and USB cables cost consumers $25. What contribution does the production of 2,000 iPhones and 1,200 USB cables make to GDP?

A. $200,000. B. $1,200,000. C. $580,000. D. $430,000.

Economics

In Figure 33.1, at the market wage, the consumer surplus isĀ 

A. BW*C. B. BWminEF. C. WminAE. D. W*AC.

Economics