Homework Answers
Answer
converting the supply function to inverse supply to add the tax
Q=5P-600
5P=Q+600
P=0.2Q+120
adding tax
P=0.2Q+120+154
P=0.2Q+274
converting back
0.2Q=P-274
Q=5P-1370
the amount in the blank is -1370
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The supply of robotic welding machines is given by Qs= 5P-600. The government has levied a...
The supply of robotic welding machines is given by Qs= 5P-600. The government has levied a...
The supply of robotic welding machines is given by Qs= 5P-600. The government has levied a $154 per unit tax on the suppliers. Find the new supply function with the tax. Fill in the values below. OSTAX= 5P (Round to the nearest two decimal places if necessary. Remember to include a negative sign if necessary.) Check
Question 7 Tries remaining: 2 the suppliers. Points out of 7.70 Find the new supply function...
Question 7 Tries remaining: 2 the suppliers. Points out of 7.70 Find the new supply function with the tax. Fill in the values below. P Flag question QSTAX 2P The supply of robotic welding machines is given by Qs- 2P -730. The government has levied a $275 per unit tax on (Round to the nearest two decimal places if necessary. Remember to include a negative sign if necessary.) Check
Que.1 Given the following information: Demand: Qd = 200 – 5P Supply: Qs = 5P If...
Que.1 Given the following information: Demand: Qd = 200 – 5P Supply: Qs = 5P If a quantity tax of $2 per unit sold is imposed, (a) Considering that the government will earn revenue, overall, do you think that society benefits from such a move? Explain. choose one from each. a)yes or no > remain unchanged >decrease >yes >Increase >no b) Buyer Price >Remain unchanged >decrease >Yes >Increase >no c) Seller Price >remain unchanged >Decrease >Yes >Increase >No d)Quantity Traded...
Question 6A Given the following information: Demand: Qd = 200 – 5P Supply: Qs = 5P...
Question 6A Given the following information: Demand: Qd = 200 – 5P Supply: Qs = 5P If a quantity tax of $2 per unit sold is imposed, (a) Considering that the government will earn revenue, overall, do you think that society benefits from such a move Yes or no and why? Explain also effect on Buyer Price? Effect on Seller Price? Effects on Quantity traded? Question 6b Given the following information: Demand: Qd = 200 – 5P Supply: Qs =...
Question 6A Given the following information: Demand: Qd = 200 – 5P Supply: Qs = 5P...
Question 6A Given the following information: Demand: Qd = 200 – 5P Supply: Qs = 5P If a quantity tax of $2 per unit sold is imposed, (a) Considering that the government will earn revenue, overall, do you think that society benefits from such a move? Explain. Yes or No? Buyer Price? Seller Price? Quantity traded? Question 6b Given the following information: Demand: Qd = 200 – 5P Supply: Qs = 5P If a quantity tax of $2 per unit...
Question 6a Given the following information: Demand: Qd = 200 – 5P Supply: Qs = 5P...
Question 6a Given the following information: Demand: Qd = 200 – 5P Supply: Qs = 5P If a quantity tax of $2 per unit sold is imposed, (a) Considering that the government will earn revenue, overall, do you think that society benefits from such a move? Choose. Yes or No : Decrease Remain unchanged No Increase Yes Buyer Price: Decrease Remain unchanged No Increase Yes Seller Price: Decrease Remain unchanged...
Question 10 Tries remaining: 2 quantity without a tax is 330 units. The government levies a...
Question 10 Tries remaining: 2 quantity without a tax is 330 units. The government levies a $85 per unit tax on the suppliers of sugar. Points out of 7.70 Calculate deadweight loss from this tax. The demand for sugar is given by: aD 420-0.25P. The supply of sugar is given by: Qs- 4P-1110. The equilibrium Flag question(Do not include a S sign in your response. Round to the nearest two decimal places if necessary.) Answer: Check
The demand for wheat is given by: QD= 126 -0.2P. The supply of wheat is given...
The demand for wheat is given by: QD= 126 -0.2P. The supply of wheat is given by: QS= 5P -290. Suppose the government imposes a a price ceiling of $68. Calculate the dollar amount of deadweight loss from the price ceiling. (Do not include a $ sign in your response. Round to the nearest two decimal places if necessary.)
The demand for wheat is given by: Qp-186-0.4P. The supply of wheat is given by: Qs-...
The demand for wheat is given by: Qp-186-0.4P. The supply of wheat is given by: Qs- 3P-120. Suppose the government imposes a a price ceiling of $68. Question 4 Tries remaining: 2 Points out of 7.70 Calculate the dollar amount of consumer surplus from the price ceiling. Flag questionD ot 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
The supply of robotic welding machines is given by Qs= 5P-600. The government has levied a $154 per unit tax on the suppliers. Find the new supply function with the tax. Fill in the values below. OSTAX= 5P (Round to the nearest two decimal places if necessary. Remember to include a negative sign if necessary.) Check
Question 7 Tries remaining: 2 the suppliers. Points out of 7.70 Find the new supply function with the tax. Fill in the values below. P Flag question QSTAX 2P The supply of robotic welding machines is given by Qs- 2P -730. The government has levied a $275 per unit tax on (Round to the nearest two decimal places if necessary. Remember to include a negative sign if necessary.) Check
Question 10 Tries remaining: 2 quantity without a tax is 330 units. The government levies a $85 per unit tax on the suppliers of sugar. Points out of 7.70 Calculate deadweight loss from this tax. The demand for sugar is given by: aD 420-0.25P. The supply of sugar is given by: Qs- 4P-1110. The equilibrium Flag question(Do not include a S sign in your response. Round to the nearest two decimal places if necessary.) Answer: Check
The demand for wheat is given by: Qp-186-0.4P. The supply of wheat is given by: Qs- 3P-120. Suppose the government imposes a a price ceiling of $68. Question 4 Tries remaining: 2 Points out of 7.70 Calculate the dollar amount of consumer surplus from the price ceiling. Flag questionD ot 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
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