Multiple Choice
Suppose the state legislature in your state imposes a state licensing fee of $100 per year to be paid by all firms that file state tax revenue reports. This new business tax:
A) increases marginal cost.
B) decreases marginal cost.
C) increases marginal revenue.
D) decreases marginal revenue.
E) none of the above
Correct Answer:

Verified
Correct Answer:
Verified
Q102: A few sellers may behave as if
Q103: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3095/.jpg" alt=" Figure 8.5.1 -Refer
Q104: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3095/.jpg" alt=" Figure 8.5.2 -Higher
Q105: Suppose all firms have constant marginal costs
Q106: If a graph of a perfectly competitive
Q108: Imposition of an output tax on all
Q109: If any of the assumptions of perfect
Q110: The total revenue graph consistent with Table
Q111: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3095/.jpg" alt=" Figure 8.4.2 -Refer
Q112: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3095/.jpg" alt=" Figure 8.7.1 -Refer