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A $1 tax is applied to gasoline suppliers per gallon of gasoline sold.
a. Draw a supply and demand graph that demonstrates what happens to the market with a tax. Include and label: original demand (D) and supply (S) curves, original equilibrium price (P*) and quantity (Q*), as well as the new demand (D') or supply (S') curve, new price consumers see (Pc), new price suppliers receive (Ps), and new quantity sold (Q') as a result of the tax. Label: the area that represents the government revenue as a result of the tax (REV), the dead weight loss (DWL) that results from the tax, and the new consumer surplus (CS) and producer surplus (PS) with the tax. b. If gasoline demand is more inelastic than gasoline supply, will consumers or suppliers pay for more of the tax?
item x is a standard item stocked in a companys inventory of component parts. each year the firm on a random basis uses
Sales tax is a tax on the retail sales price of purchases (Hyman, 2014). Sales tax is an indirect tax. State governments set sales tax rate.
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Calculate the cost of purchasing the equipment. Calculate the cost of leasing the equipment. Calculate the net advantage to leasing.
Whole Foods buys organic beets from two suppliers, one in Ames and one in Zearing. The price per unit of the Ames beets is $4.50 and the price per unit of the Zearing beets is $7.00. Define variables that would tell how many units to purchase from ea..
Some states exclude necessities, such as food and clothing, from their sales tax. Other states do not. Discuss the merits of this exclusion in terms of both
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On April 2, 1998, an engineer bought a $1000 bond of an American airline for $875. The bond paid 6% on its principal amount of $1000.
Drawing Conclusions How will the retirement of baby boomers affect your generation? How do you think the baby boomers will feel about this?
Reframe your answer to Exercise in terms of objectives and alternatives. That is, what are appropriate fundamental objectives to consider in the context.
How does the use of diversion and/or probation impact the recidivism rate, if at all? Is either tactic, or both, more ?effective with certain types of offenders?
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