4. the person who makes quick purchase decisions. these purchases are often fairly inexpensive
items and don't have a high importance,
a. innovative customer
b. diverse shopper
c. impulse buyer
d. recreational shopper

Acoase solution to a problem of externality ensures that a socially efficient outcome is to

)a business incurs the following costs per unit: labor $125/unit, materials $45/unit, and rent $250,000/month. if the firm produces 1,000,000 units a month, calculate the following: a. total variable costs b. total fixed costs c. total costs

Which of the following is correct? a. a tax burden falls more heavily on the side of the market that is more elastic.b. a tax burden falls more heavily on the side of the market that is less elastic.c. a tax burden falls more heavily on the side of the market that is closer to unit elastic.d. a tax burden is distributed independently of the relative elasticities of supply and demand.