Use the Following to Answer Question

question 42

Multiple Choice

Use the following to answer question:
-(Figure: A Market with a Tax) Use Figure: A Market with a Tax.Before the tax is imposed,consumer surplus is equal to the areas:

• A)A + B + C + D + E.
• B)A + B + C.
• C)A + B + C + D + E + F.
• D)D + E + F.

Identify the conditions under which sunk costs become irrelevant for current and future decision-making.

Recognize and compute the minimum viable rent to cover unavoidable costs during absence periods.

Differentiate between sunk costs, variable costs, and opportunity costs.

Understand how changes in resources prices and taxes affect a firm's cost curve.