The deadweight loss from a tax of $2 per unit will be smallest in a market with a. elastic supply and elastic demand. b. inelastic supply and inelastic demand. c. elastic supply and inelastic demand. d. inelastic supply and elastic demand.

When countries such as the U. S. promote production of domestic cotton, developing countries that produce cotton are hurt. Why?

Which of the following orders is most useful to short sellers who want to limit their potential losses? A. Limit order B. Discretionary order C. Limit-loss order D. Stop-buy order

What was the main drawback of a national sales tax?

What distinguishes a Constructive Change from an Unauthorized Commitment? A Constructive Change can be caused by the Contracting Officer who inadvertently didn't follow the procedures of the Changes Clause.

For most young people, working full-time and going to school are substitutes: You tend to do one or the other.

You have placed an antique sofa up for auction and the auctioneer has not made any special announcements about the sale. You can withdraw the sofa at any time before the auctioneer closes the sale by announcement or by the fall of the hammer.

2. Provide a definition for the following terms: • Accounts receivable: Enter definition here. • Supplies: Enter definition here. • Prepaid rent: Enter definition here. • Furniture: Enter definition here.

What is the term applied to the amount that net sales exceeds cost of goods sold on an income statement?

Whenever marginal cost is greater than average total cost, A. average total cost is rising. B. marginal cost is falling. C. average total cost is falling. D. Both b and c are correct.

A parcel delivery company delivered 103,225 packages last year, when its average employment was 85 drivers. This year the firm handled 112,260 deliveries with 92 drivers.