The burden of a tax imposed on a good falls

Assignment Help Business Economics

Reference no: EM131000952

The burden of a tax imposed on a good falls at least partially on consumers if:

a) the price paid by consumers for the good declines.

b) the price paid by consumers for the good increases.

c) the wages received by workers who produce the good decline.

d) the wages received by workers who produce the good increase.

Reference no: EM131000952

Questions Cloud

Using the assumption of the past predicts the future : Using the assumption of the past predicts the future write an equation for the weight forecast. Do the same for the assumption of cause and effect. How does the concept of error play into each?

Short run model of exchange rates determination : The following report appeared in the New York Times on August 7, 1989: “A soft landing would not force the Federal Reserve to push interest rates sharply lower to stimulate growth. Interpret this paragraph using the short run model of exchange rates ..

In order to engage in price discrimination : In order to engage in price discrimination, a monopolist has to be able to determine that there are different groups of consumers that have different ________ for the product.

Maximized his utility subject to his budget constraint : Charlie has a utility function U(A, B) = A2 B3 , the price of apples is $3, and the price of bananas is $2. If Charlie’s income were $120, how many units of apples would he consume if he chose the bundle that maximized his utility subject to his budg..

The burden of a tax imposed on a good falls : The burden of a tax imposed on a good falls at least partially on consumers if:

Indicate the different ways an individual could forecast : Indicate the different ways an individual could forecast his or her weight 10 years from now. Do these methods change based upon whether the individual is 5, 14, 24, or 45 years old? If so why

What is the hourly demand in megawatts : An electric utility company uses natural gas as fuel for a large multi-unit power plant. with all units in service, for a given hour the plant's fixed cost is $120,000 and its variable cost is $50 per megawatt demanded. What is the hourly demand in m..

Different cases where utility is maximized : Explain the 3 different cases where utility is maximized when you have perfect substitutes. Include a graph for each. (Hint: consider slopes.)

What is the effecttive rate of interest : A new 65 inch television sells for $1,500 and can be purchased for a down payment of $500 with an additional monthly payments in the amount of $45.70 paid at the end of every month for 24 months. what is the nominal rate of interest? what is the effe..

User Account

All Pages