The Figure Given Below Shows the Demand and Supply Curves

question 68

Multiple Choice

The figure given below shows the demand and supply curves of automobiles.Figure 13.3
In the figure,
D: Demand curve of automobiles
S: Supply of automobiles prior to the tax
S+t: Supply of automobiles after the tax

-Suppose the current price of a marketable permit to emit one ton of sulfur dioxide is $100. If the marginal cost for a firm to reduce one ton of sulfur dioxide is $80, then:

• A)the firm will buy the permit and emit one more ton of sulfur dioxide.
• B)the firm will reduce its emissions of sulfur dioxide by one ton.
• C)the firm will buy the permit and increase its emissions by 20 tons.
• D)the firm will shut down.
• E)the firm will be willing to pay up to $200 for a permit.

Comprehend the role of external stimuli and cognitive appraisal in shaping emotional experiences.

Discuss the concept of basic emotions and the criteria used to define them.

Understand the principles of effective microblogging for businesses.

Learn the differences in etiquette guidelines between various forms of communication.

---

Definitions:

Land Improvements

Enhancements to a plot of land such as landscaping, parking lots, and fences that add value but are subject to depreciation.

Land Account

A financial ledger entry that represents the value of land owned by an entity.

Salvage Value

The estimated resale value of an asset at the end of its useful life, often considered in depreciation calculations.

Restatement

The revision and republishing of one or more previously issued financial statements to correct an error.