After the Imposition of a Tax of $2 Per Unit

question 70

Multiple Choice

After the imposition of a tax of $2 per unit of output, what is the profit maximizing price?

• A) $11
• B) $21
• C) $31
• D) $41
• E) none of the above

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Definitions:

Great-Person Theory

A theory of leadership that suggests history is shaped by the actions of extraordinary leaders.

Social Factors

Elements within society that influence the behavior, attitudes, and preferences of individuals.

Risky Shift

A phenomenon in group decision-making processes where groups tend to make riskier decisions than individuals.

Attitudes Components

Three major aspects of attitudes: cognitive (beliefs/thoughts), affective (feelings/emotions), and behavioral (actions/tendencies towards the attitude object).