A specific tax of $1 per unit of output will affect a firm's
A) average total cost, average variable cost, average fixed cost, and marginal cost.
B) average total cost, average variable cost, and average fixed cost.
C) average total cost, average variable cost, and marginal cost.
D) marginal cost only.
C
Economics
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If an economy is operating at a point outside the PPC, either the society has resources that are not being fully used or production is not efficient
a. True b. False Indicate whether the statement is true or false
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The initial dollars spent to eliminate pollution are most likely ______.
a. all that are needed b. completely wasted c. the least efficient d. the most efficient
Economics