Homework Answers
Unit tax = Vertical distance between the curves STax and S = $(30 - 15) = $15
After tax equilibrium is at intersection of the curves STax and D, with output being 15.
Tax revenue = Unit tax x After-tax output = $15 x 15 = $225.00
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Question 11 Tries remaining: 2 Points out of 7.70 PFlag question S Tax $40 $30 $20...
Question 11 Tries remaining: 1 Points out of 7.70 S Tax $40 Flag question $30 $20...
Question 11 Tries remaining: 1 Points out of 7.70 S Tax $40 Flag question $30 $20 - $10 10 20 30 40 Calculate the Tax Revenue that this per unit tax would generate. (Do not include a $ sign in your response. Round to the nearest two decimal places if necessary.) Answer: Check
Question 12 Tries remaining:1 Points out of 7.70 S Tax $40 Flag question $30 $20 $10...
Question 12 Tries remaining:1 Points out of 7.70 S Tax $40 Flag question $30 $20 $10 2 4 尚 8 Calculate the Deadweight Loss that this per unit tax would generate. (Do not include a $ sign in your response. Round to the nearest two decimal places if necessary.) Answer: Check
Question 11 Tries remaining: 2 Points out of 7.70 Stax Flag question $60 $40_ $20 2...
Question 11 Tries remaining: 2 Points out of 7.70 Stax Flag question $60 $40_ $20 2 4 6 8 10 Calculate the Tax Revenue that this per unit tax would generate. (Do not include a $ sign in your response. Round to the nearest two decimal places if necessary.) Answer Check
Question 12 Tries remaining: 2 Points out of 7.70 S Tax $40 P Flag question $30...
Question 12 Tries remaining: 2 Points out of 7.70 S Tax $40 P Flag question $30 $10 2 4 6 8 Calculate the Deadweight Loss that this per unit tax would generate. (Do not include a $ sign in your response. Round to the nearest two decimal places if necessary.) Answer
Question 1 Tries remaining: 2 Points out of 7.70 2 $ $10 Stax $8 Flag question...
Question 1 Tries remaining: 2 Points out of 7.70 2 $ $10 Stax $8 Flag question $6 $4 $2 10 0) 30 40 50 Calculate the Deadweight Loss that this per unit tax would generate. (Do not include a S sign in your response. Round to the nearest two decimal places if necessary.) Answer: Check
Question 10 Tries remaining: 2 Points out of 7.70 The demand for sugar is given by:...
Question 10 Tries remaining: 2 Points out of 7.70 The demand for sugar is given by: D 610 -P. The supply of sugar is given by: Qs 10P -3570. The equilibrium quantity without a tax is 230 units. The government levies a $33 per unit tax on the suppliers of sugar. Calculate deadweight loss from this tax. P Flag question (Do not include a S sign in your response. Round to the nearest two decimal places if necessary.) Answer Check
Question 5 Tries remaining: 2 Points out of 7.70 The demand for okra is given by:...
Question 5 Tries remaining: 2 Points out of 7.70 The demand for okra is given by: Q 220 -P. The supply of okra is given by: Qs 8P-50. The government has implemented a price floor of $58. Calculate producer surplus with the price floor (Do not include a $ sign in your response. Round to the nearest two decimal places if necessary.) Answer: Check
Question 1 Tries remaining:2 Points out of 7.70 Suppose the demand for shoes is given by:...
Question 1 Tries remaining:2 Points out of 7.70 Suppose the demand for shoes is given by: - 310 -2P. The supply of shoes is given by: as-5P-250 Calculate the Gains from Trade (also known as Economic Surplus) that would exist in this market in a competitive equilibrium (Do not include a $ sign in your response. Round to the nearest two decimal places if necessary.) Flaa question Answer: Check
Question 9 Tries remaining: 2 evies a $212.5 per unit tax on the suppliers of sugar....
Question 9 Tries remaining: 2 evies a $212.5 per unit tax on the suppliers of sugar. Points out of 7.70 The demand for sugar is given by: Qp- 430 -0.25P. The supply of sugar is given by: Qs 4P-930. The government Calculate tax revenue from this tax Flag question (Do not include a sign in your response. Round to the nearest two decimal places if necessary.) Answer: Check
Question 9 Tries remaining: 2 levies a $212.5 per unit tax on the suppliers of sugar....
Question 9 Tries remaining: 2 levies a $212.5 per unit tax on the suppliers of sugar. Points out of 7.70 Calculate tax revenue from this tax. The demand for sugar is given by: Qp- 430-0.25P. The supply of sugar is given by: Qs 4P-930. The government Flag question(Do not include a $ sign in your response. Round to the nearest two decimal places if necessary.) Answer: Check
Question 11 Tries remaining: 1 Points out of 7.70 S Tax $40 Flag question $30 $20 - $10 10 20 30 40 Calculate the Tax Revenue that this per unit tax would generate. (Do not include a $ sign in your response. Round to the nearest two decimal places if necessary.) Answer: Check
Question 12 Tries remaining:1 Points out of 7.70 S Tax $40 Flag question $30 $20 $10 2 4 尚 8 Calculate the Deadweight Loss that this per unit tax would generate. (Do not include a $ sign in your response. Round to the nearest two decimal places if necessary.) Answer: Check
Question 11 Tries remaining: 2 Points out of 7.70 Stax Flag question $60 $40_ $20 2 4 6 8 10 Calculate the Tax Revenue that this per unit tax would generate. (Do not include a $ sign in your response. Round to the nearest two decimal places if necessary.) Answer Check
Question 12 Tries remaining: 2 Points out of 7.70 S Tax $40 P Flag question $30 $10 2 4 6 8 Calculate the Deadweight Loss that this per unit tax would generate. (Do not include a $ sign in your response. Round to the nearest two decimal places if necessary.) Answer
Question 1 Tries remaining: 2 Points out of 7.70 2 $ $10 Stax $8 Flag question $6 $4 $2 10 0) 30 40 50 Calculate the Deadweight Loss that this per unit tax would generate. (Do not include a S sign in your response. Round to the nearest two decimal places if necessary.) Answer: Check
Question 10 Tries remaining: 2 Points out of 7.70 The demand for sugar is given by: D 610 -P. The supply of sugar is given by: Qs 10P -3570. The equilibrium quantity without a tax is 230 units. The government levies a $33 per unit tax on the suppliers of sugar. Calculate deadweight loss from this tax. P Flag question (Do not include a S sign in your response. Round to the nearest two decimal places if necessary.) Answer Check
Question 5 Tries remaining: 2 Points out of 7.70 The demand for okra is given by: Q 220 -P. The supply of okra is given by: Qs 8P-50. The government has implemented a price floor of $58. Calculate producer surplus with the price floor (Do not include a $ sign in your response. Round to the nearest two decimal places if necessary.) Answer: Check
Question 1 Tries remaining:2 Points out of 7.70 Suppose the demand for shoes is given by: - 310 -2P. The supply of shoes is given by: as-5P-250 Calculate the Gains from Trade (also known as Economic Surplus) that would exist in this market in a competitive equilibrium (Do not include a $ sign in your response. Round to the nearest two decimal places if necessary.) Flaa question Answer: Check
Question 9 Tries remaining: 2 evies a $212.5 per unit tax on the suppliers of sugar. Points out of 7.70 The demand for sugar is given by: Qp- 430 -0.25P. The supply of sugar is given by: Qs 4P-930. The government Calculate tax revenue from this tax Flag question (Do not include a sign in your response. Round to the nearest two decimal places if necessary.) Answer: Check
Question 9 Tries remaining: 2 levies a $212.5 per unit tax on the suppliers of sugar. Points out of 7.70 Calculate tax revenue from this tax. The demand for sugar is given by: Qp- 430-0.25P. The supply of sugar is given by: Qs 4P-930. The government Flag question(Do not include a $ sign in your response. Round to the nearest two decimal places if necessary.) Answer: Check
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