Form of increased government tax revenues

Assignment Help Macroeconomics
Reference no: EM131066000

The private marginal benefit for commodity X is given by 50-5X, where X is the number of units consumed. The private marginal cost of producing X is constant at $10. For each unit of X produced, an external benefit of $5 is imposed on members of society.

What type of externality is being described? In the absence of any government intervention, how much X is produced? What is the social efficient level of production of X? What is the gain to society involved in moving from the inefficient to the social efficient level of production? Suggest an approach that the government could take that could lead to the efficient level. How much would such an approach cost or benefit government in the form of increased government tax revenues or increased government costs?

Need help answering this question if full. There is already and answer available in Course Hero but it does not answer every question and also I do not need any charts. Just the correct equations and answers for all of the questions asked.

Reference no: EM131066000

Questions Cloud

Calculate average total cost at these different sales : Calculate the average total cost at these different sales levels. Assuming that the cost structure for every firm in the industry is identical, do you think that the industry could be in long-run equilibrium?
Following capital budgeting techniques assumes : Which of the following capital budgeting techniques assumes that funds recieved periodically during the course of a project are reinvested by the firm at the firm's cost of capital?
Purely competitive producer : Assume that the cost data in the table below are for a purely competitive producer:
Chart of accounts for exact wording of account titles : Equipment acquired on January 8, 2013, at a cost of $140,000, I has an estimated useful life of 16 years, has an estimated 1 residual value of $8,000, and is depreciated by the I I straight-line method.
Form of increased government tax revenues : What is the gain to society involved in moving from the inefficient to the social efficient level of production? Suggest an approach that the government could take that could lead to the efficient level. How much would such an approach cost or ben..
What is the demographic composition of the sample : CASE STUDY:  INTEGRATED CASE - Global Motors Descriptive and Inference Analysis. What is the demographic composition of the sample? How do respondents feel about: (1) global warming and (2) gasoline emissions
Vice president of marking at piedmont fasteners corporation : Charyl Montory picked uo the phone and called her. Was chan, the vice president of marking at Piedmont Fasteners Corporation "was, I'm not sure how to go about answering the question the came up at meeting with the president yesterday""What the pr..
Price discrimination assignment : A movie theatre has a cost function which entails the rent of the commercial building of $50 per day (fixed cost) and a marginal cost of $5 per viewer. There are eight potential viewers (four of them are students and four of them are not) with buy..
Free trade between australia and canada : 1. With free trade between Australia and Canada, Australia would export beef to Canada. But Canada imposes an import quota on Australian beef.

Reviews

Write a Review

Macroeconomics Questions & Answers

  How does the change affect the bid rent function

Suppose all employers in city c decide to adopt a 4-day week, so that workers ether work 10 hours per day for 4 days or work at home for one day a week. Wages remain the same. How does this change affect the bid rent function

  What are the prospects for profitable investments

What are the prospects for profitable investments in financialmarkets? Do markets follow a random walk so that profits are mostlya matter of chance? Is it possible to outguess the market? What arethe best investment strategies?

  See the inflation adjusted data also identify the periods

See the inflation adjusted data also identify the periods of negative real economic growth. What might have caused each of these periods of economic decline.

  Illustrate what happens to bicycle supply

Illustrate what happens to bicycle supply. What happens to bicycle demand.

  What accounts for the difference in wages

A worker in Equador can earn $3 per day making cotton cloth on a hand loom. A worker in the United States can earn $70 per day making cotton cloth with a mechanical loom. What accounts for the difference in wages? Any point on a country's productio..

  What role does the department of the treasury play

What is the crowding out effect A reduction in private spending as a result of higher interest rates generated by budget deficits that are financed by borrowing in the private loanable funds market.

  Expansionary and contractionary fiscal policies

Describe expansionary and contractionary fiscal policies. Identify the situations in which expansionary fiscal policy and contractionary fiscal policy would be used.

  Explain the concept of opportunity cost

Using the concept of opportunity cost, explain why in developed countries with higher average incomes there is more support for costly environmental controls.

  Consider the market for automobiles

Consider the market for automobiles. If the auto industry is forced to pay workers higher wages, how will this affect the market for autos, ceteris paribus?

  Is the following statement correct or incorrect if a firm

is the following statement correct or incorrect if a firm operating in a monopoly or imperfectly competitive industry

  What was the growth rate for real gdp

Find the GDP Deflator for 2000 and 2001 on a 100-point scale. Report your answers to two decimal places, if necessary - What was the growth rate for real GDP between 2000 and 2001?

  Do you agree with swobodas interpretation

An Interpretation, Princeton Essays in International Finance 64, International Finance Section, Department of Economics, Princeton University, February 1968.) Do you agree with Swoboda's interpretation?

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!

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