The majority of tax created in market

Assignment Help Microeconomics
Reference no: EM131013627

 If you could please explain and solve these it would be appreciated:

Q1: draw a supply and demand graph where the demand curve is more inelastic than the supply curve.  Who would pay (carry the majority of the tax incidence) the majority of any tax created in this market.

Q2: draw a graph showing the long run equilibrium for perfect competition.

draw a graph showing a long run equilibrium for monopolistic competition. 

Q4: if both markets (in Q2 and 3) had the same cost curve what can you conclude about cost of production, price and output? 

Reference no: EM131013627

Questions Cloud

Determine the ratio of blood flow : Assuming that the other variables affecting blood flow remain the same (that is, it in equation (2) remains the same), use equation (2) to determine the ratio of blood flow in the 5M% laded artery vs. the oPen artery.
Extra amount required for investment consistent : When projecting growing cash flows into perpetuity, the estimate should take into account the extra amount required for investment consistent with any projected growth in operating profit. (True, False, Uncertain and explain your response)
Calculate perfectly competitive equilibrium : The market for a box of POG's is defined by Qd-P and Qs.a) Calculate perfectly competitive equilibrium, consumer surplus, and producer surplus.  Include a detailed graph.
Requried annual interest rate : Your parents will retire in 19 years. They currently have $350,000 saved, and they think they will need $800,000 at retirement. What annual interest rate must they earn to reach their goal, assuming they don't save any additional funds?
The majority of tax created in market : If you could please explain and solve these it would be appreciated:Q1: draw a supply and demand graph where the demand curve is more inelastic than the supply curve.  Who would pay (carry the majority of the tax incidence) the majority of any tax cr..
I have performed dupont analysis on caterpillar : Please analyze the asset turnover.(please do not copy any info from google or investopedia)
Find the peak value of the electric field intensity : Show that the time-average value of the magnitude of the Poynting vector given by (4.68) is one-half its peak value. For an antenna radiating a time-average power of 150 kW, find the peak value of the electric field intensity at a distance of 100 ..
What is the expected value of choosing at random : 1. What is the expected value of choosing at random for an agent with x=.252.for what values of v would an agent with x=.25 prefer choosing at random from the alternative to abstaining from choice and getting U=0?
What was its net operating working capital : Rhodes Company’s balance sheet showed total current assets of $12,500, all of which were required in operations. Its current liabilities consisted of $2,868 of accounts payable, $1,765 of 6% short-term notes payable to the bank, and $735 of accrued w..

Reviews

Write a Review

Microeconomics Questions & Answers

  What is your risk tolerance

What is the goal? (The purpose for this money ultimately), What is your time horizon? (When will you need to access these funds)

  Federal reserve-money supply

Describe three ways in which the Federal Reserve can change the money supply.

  The widget industry in springfield is competitive with

the widget industry in springfield is competitive with numerous buyers and sellers. consumers dont differentiate among

  Analyse the short and long run impacts of an expansionary

Analyse the short and long run impacts of an expansionary monetary policy, within an AD-AS (aggregate demand/ aggregate supply) model on each of the following economic variables.

  Managers are justified in monitoring employees to degree

Some recent studies indicate that nine out of ten employers observe the electronic behavior of their employees, from tracking their Web-surfing habits to implanting GPS tracking chips in their arms. Discuss whether managers are justified in mon..

  The city of rochester is thinking of expanding its airport

The City of Rochester is thinking of expanding its airport. The expansion will increase travelers' consumer surplus by $100 and airlines' producer surplus by $200, while costing taxpayers only $50. However, the expanded airport will be much noisier.

  What is the annual equivalent cost for the truck

The initial cost of a pickup truck is $12,975 and will have a salvage value of $3,622 after five years. Maintenance is estimated to be a uniform gradient amount of $134 per year, with zero dollars for first year maintenance.

  When economy will be at the golden rule steady state

If the marginal product of capital net of depreciation equals 10 percent and the rate of population growth equals 2 percent what must be the rate of technological progress for the economy to be at the Golden Rule steady state

  Illustrate how the strategies relate to model of online

conduct research online of the various strategies used for marketing products and services in the online environment

  What shift occurred in either supply or demand

Find one example in the article of any one of the following four possible shifts of supply or demand: Leftward shift of the supply curve; Rightward shift of the supply curve. Leftward shift of the demand curve; Rightward shift of the demand curve.

  Determine the breakeven quantity

Labor and other operating costs are es- timated to be $35,000 per year over the study pe- riod of 5 years. Salvage is estimated at 10% of first cost and i = 12% per year. Neglect the element of availability (a) to determine the breakeven quantity,..

  The average of the dependent variable

True or False and explain. If the slope estimate in a simple regression is zero (that is, β1(hat)=0), then the average of the dependent variable must be equal to the intercept estimate.

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