Refer to Figure 12-5. What is the amount of the firm's fixed cost of production?

If a government wants to maximize revenues from a tax it should

A) impose it on sellers. B) impose it on consumers. C) choose a good with a relatively elastic demand. D) choose a good with a relatively inelastic demand.

The exchange-rate arrangement that emerged from the Bretton Woods conference is often called a managed float standard

a. True b. False Indicate whether the statement is true or false