The cost of a subsidy to taxpayers is calculated by ______.
a. dividing the subsidy per unit by the number of units subsidized
b. multiplying the subsidy per unit times the number of units subsidized
c. subtracting the subsidy per unit from the total surplus
d. adding the subsidy per unit to the deadweight loss
b. multiplying the subsidy per unit times the number of units subsidized
Economics
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Why do some firms in an oligopoly refrain from colluding?
What will be an ideal response?
Economics
The income approach to measuring GDP involves adding up the following ________
A) household income and income generated by firms B) private spending, tax revenues and government spending C) transfer payments and income taxes D) interest income, profits and social security benefits E) wages, benefits and interest income
Economics