User Account

All Pages

Distribution of tax payments between buyers and sellers

Assignment Help Macroeconomics
Reference no: EM131063560

Australian Government has imposed a tax on Beer. Assume that the tax on Beer is $20 per unit (a unit is a carton of drinks) Assume the demand and supply functions for cartons of Beers per week are: P=200 - 0.5Q and P=0.5Q.

Calculate the amount of tax revenue collected by the government and the distribution of tax payments between buyers and sellers.

Reference no: EM131063560

Questions Cloud

Company has been reducing the dividends : Railway Cabooses just paid its annual dividend of $2.90 per share. The company has been reducing the dividends by 11.9 percent each year. How much are you willing to pay today to purchase stock in this company if your required rate of return is 13 pe..
Examples involving products and services : A. Show diagrammatically and algebraically cases of unitary elasticity, as discussed in class. Connect these with pertinent examples involving products and services.
Expected net operating profit after taxes : Randall and Arts Inc. has an expected net operating profit after taxes, EBIT(1-T), of $3,200 million in the coming year. In addition, the firm is expected to have net capital expenditures of $480 million, and net operating working capital (NOWC) is e..
What is the new divisor for the price-weighted index : Able, Baker, and Charlie are the only three stocks in an index. The stocks sell for $47, $312, and $88, respectively. If Baker undergoes a 2-for-1 stock split, what is the new divisor for the price-weighted index?
Distribution of tax payments between buyers and sellers : Calculate the amount of tax revenue collected by the government and the distribution of tax payments between buyers and sellers.
Is this a heat or work interaction for the room : A room is heated as a result of solar radiation coming in through the windows.
Peyton company manufactures phone : Peyton Company manufactures Phone X and Phone Y. Peyton can sell all it can make of either. Based on the following data, assuming the number of hours is a constraint, which statement is true?
What is the employment rate : If the unemployment rate is 6.2%, and the number of employed equals 110 million, what is the employment rate?
Discuss what you would do to prepare for the interview : Provide an explanation describing the following decision-making styles: directive, analytical, conceptual and behavioral. Then, discuss which style, or styles, best describes your preferred decision-making strategy. Feel free to identify different..

Reviews

Write a Review

Macroeconomics Questions & Answers

  Because of the great recession applications to the

because of the great recession applications to the supplemental nutritional assistance program snap soared.the program

  What is the mimimum expected payment government must make

Suppose the government seeks to find the best it can do (in terms of minimizing expected costs in a dominant strategy mechanism). What is the mimimum expected payment the government must make?

  Series of studies of economic growth

In a series of studies of economic growth conducted at the National Bureau of Economic Research, economists showed that the historic rate of economic growth in GDP could not be accounted for entirely by growth in labor and capital inputs. Consensu..

  Discouraged workers and the economy

A discouraged worker is an individual without a job who has a desire to work; however, the worker has not actively searched for a job within the last six months, because the worker believes that there are no jobs available. Such a worker is not in..

  Characteristic of normal indifference curves

Characteristic of normal indifference curves (ICs) - What does this say about your preferences and what can you conclude about the marginal rates of substitution based on this graph?

  Explain why dose not raise in aggreate demand

Explain why dose not raise in aggreate demand translate into an increase in real GDP.

  Why did they make this choice

Why did they make this choice? Would another decision be more helpful? What macroeconomic principles can be used to understand what is happening here?

  Assume that gross private domestic investment is 800

assume that gross private domestic investment is 800 billion and the government state local and federal combined is

  With a us marginal propensity to consume assumed at 12 what

with a u.s. marginal propensity to consume assumed at 12 what will happen to the following with the neoclassical model

  Given the observations in pizza industry likey a monopoly

Firms like Papa John's , Domino's, and Pizza Hut sell pizza and other products that are differentiated in nature. While numerous pizza chains exist in most locations, the differentiated nature of these firms' products permits them to charge prices..

  East asia economic circumstances

How would you describe East Asia's economic circumstances? Is growth a constant or is the region undergoing change? Which and explain why you say so? What are the implications of this consistency or change? EXPLAIN.Where is the change happening or..

  Set up a diagram showing the firms total revenue

Set up a diagram showing the firms total revenue and total cost schedules. In this diagram, show the points at which the firm is maximizing profits.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd