When the government places a $5 per unit tax on the good, the amount of tax revenue
= 5*10
= 50
option(C)
45 464 Exam 2-Chapter 8- Micro 50) Figure 8-13 (1.67pt 5 10 15 20 25 30 35 40 45 50 55 60 D Refer to Figure 8-13. Suppose the government places a $5 per-unit tax on this good. The loss of producer surplus resulting from this tax is $60. o Type here to search 5 10 15 20 25 30 35 40 45 50 55 60 B Refer to Figure 8-13. Suppose the government places a $5 per-unit tax on...
Te 5 10 15 20 25 30 35 40 45 50 55 60 65 70 75 80 85 entity Refer to Figure 6-8. If the government imposes a price floor of $5 on this market; then there will be a. a surplus of 15 units of the good. b. a surplus of 5 units of the good. c. no surplus of the good. d. a surplus of 10 units of the good. When a tax is imposed on the sellers...
Te 5 10 15 20 25 30 35 40 45 50 55 60 65 70 75 80 85 entity Refer to Figure 6-8. If the government imposes a price floor of $5 on this market; then there will be a. a surplus of 15 units of the good. b. a surplus of 5 units of the good. c. no surplus of the good. d. a surplus of 10 units of the good. When a tax is imposed on the sellers...
Question 36 Figure 6-32 Price 20 ELENTEND 10 20 30 40 50 60 70 80 100 Quantity Refer to Figure 6-32. Which of following statements is true based upon the conditions in the market? a shortage will develop when a price ceiling is imposed at a price of S10. a surplus will develop when a price floor is imposed at a price of $8. a surplus will develop when a price floor is imposed at a price of $12. a...
5 10 15 20 25 35 40 45 50 55 60 65 70 Refer to Figure 6-22. The price paid by buyers after the tax is imposed is a $3.50 Ob. 55.00 c. $3.00 d. 56.00 The discovery of a new hybrid wheat would increase the supply of wheat. As a result, wheat farmers would realize an increase in total revenue if the a. supply of wheat is inelastic. b. demand for wheat is inelastic. c demand for wheat is...
PREVIOUS 4414 49) Figure 8-12 Supply Demand 25 30 35 40 + 43 5 10 15 20 Refer to Figure 8-12. Suppose a S3 per-unit tax is placed on this good. The tax causes the price paid by buyers to decrease by increase by Refer to Figure 8-12. Suppose a $3 per-unit tax is placed on this good. The tax causes the price paid by buyers to decrease by $3. increase by $2. decrease by increase by Previous 44 |...
QUESTION 52 Figure 6-22 Tanie 5 10 15 20 25 30 35 40 45 50 55 60 65 70 qani Refer to Figure 6-22. As the figure is drawn, who sends the tax payment to the government? O a. The buyers send the tax payment. O b. The question of who sends the tax payment cannot be determined from the graph. Oc. A portion of the tax payment is sent by the buyers, and the remaining portion is sent by...
QUESTION 15 Figure 5-5 11 Price - Demand 5 10 15 20 25 30 35 40 45 50 55 Quantity Refer to Figure 5-5. Using the midpoint method, demand is unit elastic between prices of O a. $20 and $40. b.$50 and $70 c. $40 and $60 d. $40 and $50.
ences Question 4 1 pts rations Figure 6-22 Resources 25 30 35 40 45 50 55 60 65 70 Refer to Figure 6-22. Buyers pay how much of the tax per unit? DO $1.50 $0.50 $3.00. S5.00.
P (S) 50 45 40 35 25 20 15 10 o 20 30 40 50 60 70 80 90 100 110 120 130 140 15o -5 -10 Suppose that there are 5 people with identical preferences around a pure public good. For each individual (i e (1,2,3, 4, 5)) the Private Marginal Benefit (PMB.) from a pure public good is given by PMB, 10-0.1G, where G is the quantity of the pure public good. 1. Draw the Private Marginal Benefit...