Suppose that the government imposes a new $1 per-unit tax on the (2pts) production of soft drinks. The result would be a(n)in the equilibrium price of soft drinks and a(n) in the equilibrium quantity of soft drinks. a. decrease; increase
b. increase; decrease
c. decrease; decrease
d. increase; increase

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Margaret company reported the following information for the current year: net sales $3,000,000 purchases $1,957,000 beginning inventory $245,000 ending inventory $115,000 cost of goods sold 65% of sales industry averages available are: inventory turnover 5.29 gross profit percentage 28% how do the inventory turnover and gross profit percentage for margaret company compare to the industry averages for the same ratios? (round inventory turnover to two decimal places. round gross profit percentage to the nearest percent.)

Which of the following functions finds the highest value of selected inputs? a. high b. hvalue c. max