Homework Answers
The quantity after the tax = 100
The price received by the producers = 15
Minimum reservation price = 10
PS after the tax = 0.5*100*(15-10) = 250
option(D)
Price 25 22 19 17 15 10 100 200 250 350 Quantity A$7 tax is imposed...
Price 25 22 19 17 15 10 100 200 250 350 Quantity A$7 tax is imposed on this market. What is the value of producer surplus after the tax is imposed? $600 $250 $900 $150 S
Price 25 22 19 17 15 10 100 200 250 350 Quantity A$7 tax is imposed...
Price 25 22 19 17 15 10 100 200 250 350 Quantity A$7 tax is imposed on this market. What is the price consumers will pay for this good or service? $19 O$15 $22 $25
QUESTION 1 Price della per jacket 0 100 150 200 250 300 350 400 Quantity thousands...
QUESTION 1 Price della per jacket 0 100 150 200 250 300 350 400 Quantity thousands of jackets The above figure shows the market for winter jackets. In an effort to keep the nation warm, the president places a price ceiling of 5100 in the market for winterjackets. What is the size of the jacket shortege created by this price ceiling? Your answer should be in thousands e pul 500, not 500,000). QUESTION 2 Wage rate solars per hour 0...
The market for airplane tickets $400 350 300 250 200 150 100 OL 0 25 50...
The market for airplane tickets $400 350 300 250 200 150 100 OL 0 25 50 75 100 125 (a) (2 pts) Find marginal buyers WTP at Q = 25. In the market without tax, compute his or her CS? (b) (4 pts) Compute CS, PS, and total surplus without a tax. (c) (4 pts) If $100 tax per ticket, compute CS, PS, tax revenue, total surplus, and DWL. (d) (4 pts) For the market without tax and the market...
QUESTION 3 Figure Price Supply P K I P" P B M N Demand Quantity Refer...
QUESTION 3 Figure Price Supply P K I P" P B M N Demand Quantity Refer to Figure. If the government imposes a tax size of P- P" in the above market then the area L+M+Y represents a. consumer surplus after the tax. producer surplus after the tax. Cconsumer surplus before the tax. producer surplus before the tax. QUESTION 4 4 point Figure Supply Dennd Quantity Q1 02 Q3 Q Qs Refer to Figure. If the government impose a tax...
Need help with question 9 please!!!!! Quantity of jets demanded Quantity of jets supplied Price of...
Need help with question 9 please!!!!!
Quantity of jets demanded Quantity of jets supplied Price of Jet (millions) 140 120 110 100 90 80 70 60 50 40 20 100 150 200 250 300 350 400 450 500 600 1200 1000 900 800 700 600 500 400 300 200 0 2 2Z 2oo Irot unnly and demand curves. What are the equilibriumprice and Illustrate graphically the economic effects ofan $90. Compute the producer surplus. PsH6。Q-400 8 export subsidy of 15%...
Illustrate graphically the economic effects of an export subsidy of 15% if the world price is...
Illustrate graphically the economic effects of an export
subsidy of 15% if the world price is 90. Compute the producer
surplus. Numbers 8-10 please.
Price of Jet (millions Quantity of jets demanded Quantity of jets supplied 140 120 110 100 90 80 70 60 50 40 1200 1000 900 800 700 600 500 400 300 200 100 150 200 250 300 350 400 450 500 600 20 Draw the market supply and demand curves. What are the equilibrium price and...
QUESTION 7 Figure: The vertical distance between points A and C represents a tax in the...
QUESTION 7 Figure: The vertical distance between points A and C represents a tax in the market. T Price Supply 1000 900+ 800 700+ 600 + 500+ 400 300 C 200+ 100 Demand 10 20 30 40 50 60 70 80 90 100110 Quantty Refer to Figure. After the taxes a. there will be a loss to the consumers of the amount $4,000. Б. there will be a loss to the consumers of the amount S6,000. Cthere will be a...
Need help with #9 please. vrs Quantity of jets demanded 0 100 Price of Jet (millions)...
Need help with #9 please.
vrs Quantity of jets demanded 0 100 Price of Jet (millions) Quantity of jets supplied 140 120 110 150 200 250 300 350 400 450 500 600 1200 1000 900 800 700 600 500 400 300 200 100 90 80 70 60 50 40 20 7. Instead of a tariff the government imposes a quota of 80% of the amount of imported good, illustrate graphically the different economic effect of the quota and compute the...
a decrease in supply and an increase in quantity demanded. O an increase in supply and...
a decrease in supply and an increase in quantity demanded. O an increase in supply and an increase in quantity demanded. QUESTION 13 Price Quantity Demanded Quantity Supplied $45 350 300 250 200 150 100 50 60 65 70 50 100 150 200 Refer to the table above. If the market is originally in equilibrium and a price ceiling of $50 is imposed, which of the following is incorrect? Net surplus in the economy will decrease. Producer surplus will decrease....
Price 25 22 19 17 15 10 100 200 250 350 Quantity A$7 tax is imposed on this market. What is the value of producer surplus after the tax is imposed? $600 $250 $900 $150 S
Price 25 22 19 17 15 10 100 200 250 350 Quantity A$7 tax is imposed on this market. What is the price consumers will pay for this good or service? $19 O$15 $22 $25
QUESTION 1 Price della per jacket 0 100 150 200 250 300 350 400 Quantity thousands of jackets The above figure shows the market for winter jackets. In an effort to keep the nation warm, the president places a price ceiling of 5100 in the market for winterjackets. What is the size of the jacket shortege created by this price ceiling? Your answer should be in thousands e pul 500, not 500,000). QUESTION 2 Wage rate solars per hour 0...
The market for airplane tickets $400 350 300 250 200 150 100 OL 0 25 50 75 100 125 (a) (2 pts) Find marginal buyers WTP at Q = 25. In the market without tax, compute his or her CS? (b) (4 pts) Compute CS, PS, and total surplus without a tax. (c) (4 pts) If $100 tax per ticket, compute CS, PS, tax revenue, total surplus, and DWL. (d) (4 pts) For the market without tax and the market...
QUESTION 3 Figure Price Supply P K I P" P B M N Demand Quantity Refer to Figure. If the government imposes a tax size of P- P" in the above market then the area L+M+Y represents a. consumer surplus after the tax. producer surplus after the tax. Cconsumer surplus before the tax. producer surplus before the tax. QUESTION 4 4 point Figure Supply Dennd Quantity Q1 02 Q3 Q Qs Refer to Figure. If the government impose a tax...
Need help with question 9 please!!!!!
Quantity of jets demanded Quantity of jets supplied Price of Jet (millions) 140 120 110 100 90 80 70 60 50 40 20 100 150 200 250 300 350 400 450 500 600 1200 1000 900 800 700 600 500 400 300 200 0 2 2Z 2oo Irot unnly and demand curves. What are the equilibriumprice and Illustrate graphically the economic effects ofan $90. Compute the producer surplus. PsH6。Q-400 8 export subsidy of 15%...
Illustrate graphically the economic effects of an export
subsidy of 15% if the world price is 90. Compute the producer
surplus. Numbers 8-10 please.
Price of Jet (millions Quantity of jets demanded Quantity of jets supplied 140 120 110 100 90 80 70 60 50 40 1200 1000 900 800 700 600 500 400 300 200 100 150 200 250 300 350 400 450 500 600 20 Draw the market supply and demand curves. What are the equilibrium price and...
QUESTION 7 Figure: The vertical distance between points A and C represents a tax in the market. T Price Supply 1000 900+ 800 700+ 600 + 500+ 400 300 C 200+ 100 Demand 10 20 30 40 50 60 70 80 90 100110 Quantty Refer to Figure. After the taxes a. there will be a loss to the consumers of the amount $4,000. Б. there will be a loss to the consumers of the amount S6,000. Cthere will be a...
Need help with #9 please.
vrs Quantity of jets demanded 0 100 Price of Jet (millions) Quantity of jets supplied 140 120 110 150 200 250 300 350 400 450 500 600 1200 1000 900 800 700 600 500 400 300 200 100 90 80 70 60 50 40 20 7. Instead of a tariff the government imposes a quota of 80% of the amount of imported good, illustrate graphically the different economic effect of the quota and compute the...
a decrease in supply and an increase in quantity demanded. O an increase in supply and an increase in quantity demanded. QUESTION 13 Price Quantity Demanded Quantity Supplied $45 350 300 250 200 150 100 50 60 65 70 50 100 150 200 Refer to the table above. If the market is originally in equilibrium and a price ceiling of $50 is imposed, which of the following is incorrect? Net surplus in the economy will decrease. Producer surplus will decrease....
Most questions answered within 3 hours.
-
Subject: C++
I have created a class called QueueOfIntegers in a file called
QueueOfIntegers.h, which is...
asked 1 minute from now -
calculate the number of molecules of gas in a
container of 2.0 liter at 30 degrees...
asked 16 minutes ago -
1.which of the following is a phototroph?
a. sulfolobus
b. chloroflexus
c. bacteroidetes
d. deinococcus radioduran...
asked 12 minutes ago -
The group of companies LC "High-precision measuring instruments"
is the global provider of measurement, analysis and...
asked 17 minutes ago -
I want to write a python function to find the minimum
I have an nested list:...
asked 18 minutes ago -
Convert the high level language programming statementts to 80x86
assembly, Assume X=AX and y=BX
for (i=1;...
asked 27 minutes ago -
SoleMate’s Burkins sneakers cost $40 per pair from the supplier
and are sold by SoleMate at...
asked 31 minutes ago -
The movie Moneyball (based on the book by Michael
Lewis) tells the story of Billy Beane,...
asked 30 minutes ago -
A regional highway uses 8 tollbooths that are open to all
vehicles. A chi-square goodness-of-fit test...
asked 33 minutes ago -
In her Semiannual Monetary Policy Report to Congress on July 13,
2017, then Federal Reserve Chair...
asked 33 minutes ago -
Suppose N packets are sent,
and each packet arrives at rate of L/2R to a link....
asked 52 minutes ago -
17. Show the steps involved in reduction of the ketone in fatty
acid synthesis. Which cofactor...
asked 53 minutes ago