User Account

All Pages

Supply and demand for widgets

Assignment Help Business Economics
Reference no: EM132153438

Suppose that the supply and demand for widgets is given by the following equations:

QD=36-3P

QS=-12+5P

a. The tax would be split between consumers and producers, but consumers would pay the majority of the tax

b. The tax would be split between consumers and producers, but producers would pay the majority of the tax.

c. The entire tax would be paid by producersd.

d. The entire tax would be paid by consumers

Reference no: EM132153438

Questions Cloud

What mindset does an analyst need to work on : Could this be done differently, such as through JAD sessions or having the users review the program on a weekly basis.
Would you say that the internet fosters or impedes social : Would you say that the Internet fosters or impedes social activity? Explain your position. Does the internet help or impedes social activity on the internet?
Long time-wages for low skill workers : After increasing for a long time, wages for low skill workers suddenly started to decrease in the U.S. in the 1850s. Why was this?
Create an equation to divide the number of cookies : Ask the user for the number of cookies per serving using the cin statement. Store this resultin a variable with an appropriate name.
Supply and demand for widgets : Suppose that the supply and demand for widgets is given by the following equations:
Corruption issues mean that not all reaches : Firms and households in many countries typically pay relatively little tax (compared to higher income countries) and receive few benefits
Create and initialize an integer array : Create an add method to insert a unique number into the list. Use the break command to exit a loop.
Will there be a difference in the number or type of persons : Strategic Action. Representatives in the pharmaceutical sales industry deal with two distinct groups. They call on physicians, attempting to convince them.
What could cause a low-income country : Generally speaking, higher income countries tend to have less income inequality than low-income countries, however this does not always hold true.

Reviews

Write a Review

Business Economics Questions & Answers

  Dynamics of aggregate demand and aggregate supply model

Use the dynamics of Aggregate Demand and Aggregate Supply Model: What is the cause of the 2007-09 Great recession? What happened to aggregate demand and aggregate supply model during this crisis? What role did the commercial and investment banks play..

  The opportunity-cost ratio-international exchange ratios

Suppose that the opportunity-cost ratio for watches and cheese is 1C ? 1W in Switzerland but 1C ? 4W in Japan. At which of the following international exchange ratios (terms of trade) will Switzerland and Japan be willing to specialize and engage in ..

  Use the modified benefit-cost ratio

(a) Use the benefit-cost ratio. (b) Use the modified benefit-cost ratio. (c) Use the public/government version of the B/C ratio.

  Provide an example of morality and one of ethics in your

One of your friends uses the terms ethics and morality interchangeably. You do not think this is correct. How would you explain the difference between ethics and morality? Provide an example of morality and one of ethics in your explanation.

  The local businesses to declare bankruptcy

Jimmy Paul Miller starts his own bank, called JPM. As owner, Jimmy puts in $2,000 of his own money. JPM then borrows $4,000 in a long-term loan from Jimmy’s uncle, accepts $14,000 in demand deposits from his neighbors, buys $7,000 of U.S. Treasury bo..

  Characteristics of a monopolistically competitive market

The characteristics of a monopolistically competitive market are almost the same as in perfect competition, with the exception of heterogeneous products

  Concepts of economies of scale and economies of scope

In economics, the concepts of economies of scale and economies of scope if often used in the context of production. How are these concepts similar and different? Please use your own examples to explain these concepts

  With meat nutrition and veggie nutrition options

With meat nutrition and veggie nutrition options, show graphically how a person who ate meat became a vegetarian after reading about the negative health effects of meat. Describe what happened in your graph. Is the person better off after reading abo..

  Compare mortgage deals with different terms

How can an ordinary buyer compare mortgage deals with different terms? Can (should?) they rely on a real estate sales associate or mortgage officer? Why?

  Unemployment and inflation are called the twin evils

Unemployment and inflation are called the "twin evils" of macroeconomics. The two measures are closely related - when unemployment rises, inflation tends to fall, and vice versa. One major theory about the relationship of unemployment and inflation i..

  Basis of net present worth using an interest rate

Machine A costs $9000 to purchase and $5000 per year to operate. It lasts for 6 years, and has no salvage value at the end of its life. Machine B costs $16,000 to purchase and $4000 per year to operate. It lasts for 9 years and has a salvage value of..

  Most tribal people prefer to be referred

Most tribal people prefer to be referred to by:

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