Which of the Following Is True About an Increase of a Per-Unit

question 11

Multiple Choice

Which of the following is true about an increase of a per-unit tax in a goods market where the good is quasilinear assuming neither supply nor demand is perfectly inelastic:

• A)The more price elastic either demand or supply, the lower will be tax revenue.
• B)The more price elastic either demand or supply, the greater will be deadweight loss.
• C)The higher the tax rate, the greater the fraction of deadweight loss over revenue.
• D)Both (a) and (b)
• E)Both (b) and c
• F)Both (a) and (c)
• G)All of the above
• H)None of the above

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Recognize the importance of specific and constructive feedback in improving performance.

Comprehend the principles of expectancy theory and its application in motivation and leadership.

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Definitions:

Res Ipsa Loquitur

A legal doctrine that infers negligence on the part of the defendant when the accident that caused the injury is one that ordinarily does not occur in the absence of negligence.

Negligence

The failure to behave with the level of care that someone of ordinary prudence would have exercised under the same circumstances.

Crab Salad

A dish typically made with crab meat, mayonnaise, and various other ingredients such as celery, onion, and seasonings.

Agony of the Moment

An intense, often fleeting emotional response to a particularly stressful or traumatic experience.