Asked by
Yoarlineth Mendez
on Dec 05, 2024
Verified
A cost(s) NOT associated with the imposition of a tax is/are:
A) deadweight loss.
B) administrative cost.
C) revenues.
D) equilibrium pricing.
Deadweight Loss
The loss of economic efficiency that occurs when the equilibrium for a good or a service is not achieved or is unattainable.
Administrative Cost
Refers to expenses related to the general operation of a business, including office supplies, management salaries, and other non-production related costs.
Equilibrium Pricing
The point at which the supply of a product matches demand, setting the market price.
- Shed light on the repercussions of taxing on market performance, with an emphasis on deadweight loss and changes affecting consumer and producer surplus.
Verified Answer
YG
Learning Objectives
- Shed light on the repercussions of taxing on market performance, with an emphasis on deadweight loss and changes affecting consumer and producer surplus.
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