When comparing the price of a tablet with the price of a laptop, Amanda discovered the tablet was more expensive. This is an example of using money as

Using the above table, a unit tax of $2 is imposed on the product. How much of the tax is paid by the producer?

A) $2 B) $1 C) $3 D) unable to determine

Vertical merger occurs when

A) two firms merge where one had sold its output to the other as an input. B) the merger moves the combined firm onto the horizontal portion of its long-run average cost curve. C) two firms merge where each is about the same size. D) two firms producing a similar product merge.