Suppose a farmer is a price taker in soybeans with cost functions given by Suppose the farmer has to pay a 10% tax on revenue.This has the effect of
A) flattening marginal cost.
B) increasing marginal revenue.
C) decreasing marginal cost.
D) decreasing marginal revenue.

Question

Suppose a farmer is a price taker in soybeans with cost functions given by  Suppose the farmer has to pay a 10% tax on revenue.This has the effect of
A) flattening marginal cost. 
B) increasing marginal revenue. 
C) decreasing marginal cost. 
D) decreasing marginal revenue.

Quizplus · Accepted Answer

The Answer of Suppose a farmer is a price taker in soybeans with cost functions given by  Suppose the farmer has to pay a 10% tax on revenue.This has the effect of
A) flattening marginal cost. 
B) increasing marginal revenue. 
C) decreasing marginal cost. 
D) decreasing marginal revenue.

Suppose a Farmer Is a Price Taker in Soybeans with Cost