Consumer tax burden is equal to the producer tax burden

Assignment Help Business Economics

Reference no: EM13795888

Suppose that the pre-tax price of gasoline is $1 per gallon. A tax of $0.50 is imposed and is paid by consumers to the government. What must the gross price of gasoline be after the tax so that the consumer tax burden is equal to the producer tax burden?

Reference no: EM13795888

Questions Cloud

What category pf civil litigation constituted : What category pf civil litigation constituted the highest percentage of lawsuit in 1980? Which category grew the most? Which category basically fell to zero? Personal injury, tax, condemnation, accounts / contracts / notes, reciprocals / urea, divorc..

What are the goals-objectives of judges : What are the goals/objectives of judges (what do they maximize)? Filing fees: for the marginal case, the one that may or may not be filed the filing cost should equalt what?

Difference-in-difference estimator of effect of job training : Suppose that between 2003 and 2007, one group of individuals (Group 1) received job training while another otherwise similar group (Group 2) did not. Suppose that the average earnings of the first group went from $40,000 per year to $55,000 per year,..

Analysis to identify the effect of the job training : Suppose that between 2003 and 2007, one group of individuals (Group 1) received job training while another otherwise similar group (Group 2) did not. Suppose that the average earnings of the first group went from $40,000 per year to $55,000 per year,..

Consumer tax burden is equal to the producer tax burden : Suppose that the pre-tax price of gasoline is $1 per gallon. A tax of $0.50 is imposed and is paid by consumers to the government. What must the gross price of gasoline be after the tax so that the consumer tax burden is equal to the producer tax bur..

What is the consumer tax burden : Suppose that the pre-tax price of cigarettes is $3.00 per pack and the post-tax price of cigarettes is $4.00 per pack. The tax is $1.50 per pack and is paid by the retailers of cigarettes to the government. Six hundred packs were sold prior to the ta..

Retirement benefits-what is the replacement rate : If your average pre-retirement earnings were $30,000 per year, your highest preretirement earnings achieved was $90,000 per year and you receive $20,000 per year in retirement benefits, what is the replacement rate?

Effect on interest rates and thus consumption : The asset (liquidity preference, or speculative) motive/demand for money relates primarily to money’s medium of exchange function. A Keynesian would view expansionary monetary policy as having its impact primarily through its effect on interest rates..

Exploited by restricting international trade : Free international trade enables all nations to gain from specialization and trade. To what degree can the United States save jobs, compensate for low foreign wages, compensation for costly environmental policies and protect developing nations from b..

User Account

All Pages