A 50 percent tax on the profits of a monopolist will
a. be totally shifted to the consumer.
b. raise price and lower quantity.
c. cause no change in profit-maximizing price and quantity.
d. change price but not quantity.
c
Economics
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The real income per capita is a measure of the
A) well-being of every individual in the nation. B) well-being of the average individual in the nation. C) well-being of the average employed person in the nation. D) total well-being of the nation.
Economics
The rate of return on bonds is lower than on stocks over time because
A) bond holders cannot diversify. B) bonds have a lower standard deviation in returns. C) stocks have less non-diversifiable risks than bonds. D) bonds are subject to more random risks than stocks.
Economics