Which of the following is true about an excise tariff? A. Foreign firms' average cost curves...
Which of the following is true about an excise tariff?
A. Foreign firms' average cost curves are shifted down by the amount of the excise tariff
B. Domestic firms' marginal cost curves are shifted up by the amount of the excise tariff
C. Domestic firms' average cost curves are shifted up by the amount of the excise tariff
D. Foreign firms' marginal cost curves are shifted up by the amount of the excise tariff
Homework Answers
Due to the excise tariff raise their price and to reduce the amount.
Excise tax is applied on specific goods like cigerette, alcohol so if applied the excise tax price raise and reduce the amount so the marginal cost curve shifts up.
So option D is the correct statement .
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Which of the following is true about an excise tariff?
A. Foreign firms' average cost curves...
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