Suppose a Per-Unit Tax Is Imposed on a Firm's Output

question 81

Multiple Choice

Suppose a per-unit tax is imposed on a firm's output which makes the marginal private cost of production equal to the marginal social cost.In this case,we can then say that

• A)the externality has been fully internalized for that firm.
• B)the firm will make losses as its costs have increased.
• C)the internality has been externalized for that firm.
• D)the firm will be forced by the extra cost burden to leave the industry.
• E)the firm will not make any changes to its output decision.

Recognize the contributions and distinctions of Anna Freud in the field of psychoanalysis, especially concerning child analysis and ego psychology.

Understand the criticisms and defenses of Freudian theory by contemporary psychologists and theorists.

Grasp the biological and instinctual aspects of Freudian theory, including concepts of libido, death instincts, and their roles in personality.

Define and differentiate between primary-process thought and secondary-process thought in Freudian theory.

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Definitions:

Distribution System

A network through which a company supplies its products or services to its customers.

Ruling Class

The social class that holds the majority of wealth, power, and influence within a society, often making and enforcing policies and decisions.

Elite Groups

A small, select group of people within society who hold a disproportionate amount of wealth, privilege, political power, or skill.

Terrorism

The use of violence and intimidation, especially against civilians, in the pursuit of political aims.