Will this create more or less revenue than the 10 dollars

Assignment Help Microeconomics
Reference no: EM133380361

Question: Suppose the tax is raised again, now to 470 dollars. Will this create more or less revenue than the 10 dollars tax? Explain in words why this happens.

Reference no: EM133380361

Questions Cloud

Find the canary islands off the west coast of africa : Find the Canary Islands off the west coast of Africa. Based on this chain of volcanic islands, in what direction is the African Plate moving
Why spacex-virgin & blue origin are betting on space tourism : Timing of Entry is an important concept. Watch this video on Why SpaceX, Virgin, & Blue Origin are betting on space tourism?
Explain what key sociocultural and physical characteristics : Explain what key sociocultural (human) and physical characteristics define The United Kingdom as a region.
Find the distance between africa and europe : Find the distance between Africa and Europe at the Strait of Gibraltar. Find the distance between Africa and Europe across the Strait of Sicily
Will this create more or less revenue than the 10 dollars : Suppose the tax is raised again, now to 470 dollars. Will this create more or less revenue than the 10 dollars tax? Explain in words why this happens.
Describe in detail what will happen to that air mass : Describe in detail what will happen to that air mass as it cools through the afternoon and evening to a temperature 6 C.
Should you increase or decrease the price of a ticket : you would like to increase the total revenue from ticket sales. Should you increase or decrease the price of a ticket to increase revenue? Explain.
Why is the colorado river and yellow river slowing : Why is the Colorado River and Yellow River slowing and running dry? Any solutions you think for these rivers
Calculate costs of shipping to portland-riverside by pallets : What is a project organization chart and how do you make one for an initiative to design/implement a Kiosk and mobile app.

Reviews

Write a Review

Microeconomics Questions & Answers

  The free rider problem

Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.

  Failure of the super committee is good thing for economy

Some commentators have argued that the failure of the “Super committee” is good thing for the economy?  Do you agree?

  Case study analysis about optimum resource allocation

Case study analysis about optimum resource allocation: -  Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..

  Fixed cost and vairiable cost

Questions:  :   Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month?  Explain your choice.

  Problem - total cost, average cost, marginal cost

Problem - Total Cost, Average Cost, Marginal Cost: -  Complete the following table of costs for a firm.  (Note: enter the figures in the  MC   column  between  outputs of  0 and 1, 1 and 2, 2 and 3, etc.)

  Oligopoly and demand curve problem

Problem based on Oligopoly and demand curve,  Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?

  Impact of external costs on resource allocation

Explain the impact of external costs and external benefits on resource allocation;  Why are public goods not produced in sufficient quantities by private markets?  Which of the following are examples of public goods (or services)? Delete the incorrec..

  Shifts in demand and movements along the demand curve

Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..

  Article review question

Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:

  Long-term growth, international trade & globalization

Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..

  European monetary union (emu) in crisis

"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"

  Development game “settlers of catan”

Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"

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