User Account

All Pages

How much tax revenue is collected

Assignment Help Business Economics
Reference no: EM132140661

Consider a perfectly competitive market with market supply QS= -2+ P and market demand QD= 40 -P/2. Suppose the government imposes a tax of $6 per unit on this market. How much tax revenue is collected?

a.$0

b.$48

c.$96

d.$144

e.$156

Reference no: EM132140661

Questions Cloud

Manager indifferent between shirking and working hard : What is the value of x that will make the manager indifferent between shirking and working hard?
What cash proceeds did lucky treasures receive : The discount rate of interest for such bonds on April 1, 2013, is 10%. What cash proceeds did Lucky Treasures receive from the issuance of the bonds
What entry will they report to record the supplies : Patty's Party Planners has the calendar year as its fiscal year and makes adjusting entries on a yearly basis. What entry will they report to record supplies
How busy are the customer service champions : Consider a base case where a customer arrives every 40 seconds and the Customer Service Champion can handle 120 customers per hour.
How much tax revenue is collected : Suppose the government imposes a tax of $6 per unit on this market. How much tax revenue is collected?
What was the balance of retained earnings : If there were no additional transactions during the year that affected retained earnings, what was the balance of retained earnings at the end of the year
What is the money multiplier : Suppose the Federal Reserve sets the reserve requirement at 15 percent, banks hold no excess reserves, and no additional currency is held.
Relationship between organizational culture and performance : What does the research evidence say about the three theories concerning the relationship between organizational culture and, performance.
Marx approach to capitalist globalization : What are the differences between the classic Marx approach to capitalist globalization and the "world systems theory"?

Reviews

Write a Review

Business Economics Questions & Answers

  Competition with an incumbent firm

In the text, we considered a sequential move game in which an entrant was considering entering an industry in competition with an incumbent firm ( Figure 15- 1). Consider now that the entrant, if fought, has the possibility of withdrawing from the in..

  Determining the working-age population

In an? economy, the? working-age population is 100 million.

  Find the p-value of hypothesis test

A random sample of 165 flights completed this year reveals that 153 were on time. Find the P-value of this hypothesis test.

  International policy cooperation and international policy

Explain the difference between international policy cooperation and international policy coordination. Which do you believe is most common today?

  Q1 on a 100-acre farm a farmer is able to manufacture 3000

q1. on a 100-acre farm a farmer is able to manufacture 3000 bushels of wheat when he hires two employees. also he is

  Productively rather than haphazardly and unproductively

Describe at least one government policy that you believe would be effective in increasing our nations' production possibilities (creating economic growth) and therefore increasing our nation's average absolute standard of living. What explains why mi..

  What are the types of risk that bonds can have

1. What are some of the bond ratings and what do the mean? AAA, etc. 2. What are the types of risk that bonds can have?

  Monopoly power that sports franchises exert

What is the loss to fans from the monopoly power that sports franchises exert? Be precise in your reasoning. (Verbal explanation and shows P, MC and MR.)

  What is the profit maximizing quantity to produce

What is the profit maximizing quantity to produce? (Hint: solve for MC = MR or MC = $500 using your derived MC function.)

  Calculate her expected utility

Suppose that individual A’s utility function, which only depends on wealth (W), is defined asU(W) = W0.5 ,where W stands for her/his wealth. Suppose her/his initial wealth is $10,000, and there is a 20% chance that she may get sick. In the event of i..

  Revenue by selling identical units of output

A price searcher maximizes his revenue (from a given output) by selling identical units of output at the same price to all customers, for if she sold identical units at different prices to different customers, it would be possible to increase the rev..

  Regarding the common law and civil law system

According to the empirical evidence of La Porta and colleagues, which system appears to be more efficient? list one weakness with this evidence. Assuming that one system is more efficient than the other, why might a country that uses the less efficie..

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