User Account

All Pages

Result of lump-sum tax and per-burger tax

Assignment Help Macroeconomics
Reference no: EM133519742

Question

The city government is considering two tax proposals:

• A lump-sum tax of $300 on each producer of hamburgers.

• A tax of $1 per burger, paid by producers of hamburgers.

1. Which of the following statements is true as a result of the lump-sum tax? Check all that apply.

Marginal cost will remain unchanged.

Average fixed cost will decrease.

Average total cost will increase.

Average variable cost will increase.

2. Which of the following statements is true as a result of the per-burger tax? Check all that apply.

Average total cost will increase.

Average fixed cost will remain unchanged.

Average variable cost will increase.

Marginal cost will remain unchanged.

Reference no: EM133519742

Questions Cloud

What should sally do : Sally purchases only pasta and salad with her Income of $160 a month. What should Sally do? Explain
Discuss how the results for minimum wage change : Discuss how the results for a minimum wage change if the price elasticity of demand is more inelastic. In which case is the minimum wage more effective
Firm aleph operates in perfectly competitive market : Firm Aleph operates in a perfectly competitive market in a constant-cost industry and is earning negative economic profit.
Company operating in competitive market : Consider a company operating in a competitive market. The company sells units of output and receives a price of $20 per unit,
Result of lump-sum tax and per-burger tax : Which of the following statements is true as a result of the lump-sum tax? Which of the following statements is true as a result of the per-burger tax?
Export opportunities from country to the world market : Students' first task in module is to identify two import opportunities into country's market, and two export opportunities from country to the world market.
What industries commonly implement surge pricing : What industries commonly implement surge pricing, and how does it impact consumer behavior in those sectors?
Framing effect is bias where how information : In behavioral economics, the framing effect is a bias where how information is presented. Do you think the example you offered was effective? Why or why not?
Serve communities in middle of income market : All America Grocery Inc. We serve communities in the middle of the income market, providing low prices for all basic grocery needs.

Reviews

Write a Review

Macroeconomics Questions & Answers

  Inflation targeting be a good policy

Why might it be difficult for the Fed to formally adopt inflation targeting?  Would inflation targeting be a good policy for the Fed in the present economic environment

  In using the taylor rule

In using the Taylor Rule as a guideline for monetary policy, what are the pros and cons of using forecasted values of inflation and output rather than observed values of these variables?

  Describe the present economic crisis situation in europe

Describe the present economic crisis situation in Europe.  Why has it been so difficult for the Europeans to find a solution to this problem?   Comment on what implications the crisis may have for the rest of the world if Europeans are not able to ag..

  Long-term federal government budget problems

Question:. Explain why there are long-term Federal government budget problems. Explain why the base-line forecast of the CBO is misleading.

  Derive and compare demand curve

Question based on Derive and compare demand curve,  Derive Ambrose's demand function for peanuts. How does it compare with Johnny's demand curve for peanuts?

  Problem based on utility function

Problem based on  Utility Function - Problem,  Answer and explain the following using a diagram which is completely labeled.

  Laffer curve : tax rate and tax revenue

Question based on Laffer Curve : Tax Rate and Tax Revenue,  Do raising tax rates necessarily raise tax revenue? What factors affect how tax revenue changes when tax rates change?

  Problem - income elasticity of demand

Problem - Income Elasticity of Demand,  Interpret the following Income Elasticities of Demand (YED) values for the following and state if the good is normal or inferior; YED= +0.5 and YED= -2.5

  Positive balance of payment

Question Positive Balance of Payment: "Things will look good for the US if we could just get to where we are consistently running a positive Balance of Payments."

  Effect of recession on the investment curve

Comment on the effect of a recession on the investment curve (only) and on the level of savings, investment, and the equilibrium real interest rate in the financial crisis that hits United States first starting in fall 2007.

  Affect of falling domestic investment on trade surplus and

How will a fall in domestic investment affect the trade surplus and net capital outflows in the domestic economy, the trade deficit and capital inflows in the rest of the world.

  Crises in the banking sector and bank run

Banking crises crisis decreases depositors' confidence in the banking system. What would be the effect of a rumor about a banking crisis on checkable deposits in such a country?

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