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Consider for designer shoes where the inverse Demand is P =400-4Q.Tgere is only one firm In the market. Its marginal cost is constant 200 $
Consider for designer shoes where the inverse Demand is P =400-4Q.Tgere is only one firm In the market. Its marginal cost is constant 200 $ and there is no fixed cost.
if the government imposed a 100$ per unit tax in the market, the lost is consumer surplus resulting from the tax kis
a) 935.50$ b) 1250 c) 312.50 d) none of these e)250$
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