Reference no: EM13153518
The market for pizza has the following demand and supply schedules:
Price, Quantity demanded, Quantity supplied
$4, 135, 39
$5, 104, 53
$6, 85, 60
$7, 68, 68
$8, 53, 78
$9, 39, 85
Suppose the government decides to tax pizza by $3 (raises supply curve by $3).
a. Draw the demand and supply curves, before and after the tax.
b. What will be the CS, PS, tax revenues and deadweight loss?
c. Suppose the government increases the tax to $4 per unit. What will be the new CS, PS, tax revenues and deadweight loss?
|
An engineer designs an improved light bulb
: An engineer designs an improved light bulb. The previous design had an average lifetime of 1200 hours. The mean lifetime of a random sample of 2000 new bulbs is found to have a mean lifetime of 1201 hours.
|
|
Determine values for the dissociation constant
: Vitamin D was added to reaction vessels at different concentrations containing its receptor protein (at a fixed concentration). After equilibrium was reached, the amount of Vitamin D bound to the protein was determined. Here are the results determ..
|
|
How many nucleotides are necessary to encode
: How many nucleotides are necessary to encode for this single chain?
|
|
Estimating amount of unrealized gain
: At year-end, only $24,000 of merchandise was still being held by Yarby. What amount of unrealized gain must be deferred by Bowler?
|
|
What will be the cs-ps-tax revenues and deadweight loss
: What will be the CS, PS, tax revenues and deadweight loss? Suppose the government increases the tax to $4 per unit. What will be the new CS, PS, tax revenues and deadweight loss?
|
|
Determine the consolidated net income
: Keefe, Incorporated, acquires 70% of George Company on September 1, 2005, and an additional 10% on April 1, 2006. Annual amortization of $5,000 relates to the first acquisition and $3,000 to the second. George reports the following figures for 200..
|
|
Does the nucleotide sequence of a mutation
: Does the nucleotide sequence of a mutation tell you anything about its dominance or recessiveness?
|
|
Find probability that student chooses mathematics
: art, French, and mathematics. He chooses art with probability 5/8, French with probability 5/8, and art and French together with probability 1/4. What is the probability that he chooses mathematics?
|
|
By how much should it increase the price
: Studies indicate that the price elasticity of demand for cigarettes is about 0.4. if a pack of cigarettes currently costs $2 and the government wants to reduce smoking by 20%, by how much should it increase the price?
|