Homework Answers
Producer surplus is the difference between the amount that the producers are willing to charge and what they actually charge for their product. Producer surplus is the area below the new equilibrium and above the new supply curve. With an increase in excise tax, producers reduce the supply as it is a burden on them.
Producer surplus= 1/2*9*36
= 162
The market is clear as there is no deadweight loss.
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i Submitted MC Qu. 88 Use the figure...
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what is the amount of total surplus without the exercise tax Use the figure below to...
what is the amount of total surplus without the exercise
tax
Use the figure below to answer the following question. Price $21 8 10 Quantity What is the amount of total surplus without the excise tax? N Multiple Choice $100
Refer to figure and answer the following questions: Calculate the consumer surplus and producer surplus and...
Refer to figure and answer the following questions: Calculate the consumer surplus and producer surplus and total surplus at the equilibrium. If the government imposes a $6 tax per unit then what will be the new consumer surplus, new producer surplus and total surplus? Did the government gain something after the taxes are imposed? If yes, calculate the amount. Is there any deadweight loss after the taxes? If yes calculate the amount and explain why it occurred?
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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...
MC Qu. 112 Frankies Chocolate Co. reports the following... Frankie's Chocolate Co. reports the following Information...
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MC Qu. 43 Prohibiting the legal sale of a... Prohibiting the legal sale of a good because of the good's external costs Multiple Choice 3) will never lead to fewer negative consequences of the good's sale and use will always lead to fewer negative consequences of the good's sale and use. O o could lead to more negative consequences of the good's sale and use because of criminal activity. O is never the answer to a good with negative externalities....
TB MC Qu. 12-88 Which one of the following is... Which one of the following is an example of cash flows from operating activities? Multiple Choice Payments to acquire equity securities of other companies. Proceeds from the issuance of bonds and notes payable. 0 Receipts of cash from sales. O Repayment of principals on loans. O Proceeds from collecting the principal amounts of loans. O
what is the amount of total surplus without the exercise
tax
Use the figure below to answer the following question. Price $21 8 10 Quantity What is the amount of total surplus without the excise tax? N Multiple Choice $100
TB MC Qu. 09-09 Lou Lewis borrows... Lou Lewis borrows $22,000 to be repaid over 11 years at 12 percent. Repayment of principal in the first year is: Use Appendix D to calculate the answer. (Round your intermediate calculations to the nearest dollar value.) 0.15 points eBook Multiple Choice Print References 0 $3,705 $1,065 O $1,149 $1,49 o $1.292
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...
MC Qu. 112 Frankies Chocolate Co. reports the following... Frankie's Chocolate Co. reports the following Information from its soles budget: pints Expected Sales: July $ 90,000 August 104,000 September 120,000 eBook References Cash sales are normally 25% of total sales and all credit sales are expected to be collected in the month following the date of sale. The total amount of cash expected to be received from customers in September is: Multiple Choice O $30.000 $78.000
TB MC Qu. 09-10 Sharon Smith will receive... Sharon Smith will receive $1.23 million in 30 years. The discount rate is 9%. As an alternative, she can receive $92,250 today. Which should she choose? Use Appendix B to calculate the answer. 0.15 points eBook Multiple Choice Print References the $1.23 million dollars in 30 years. $92,250 today. she should be indifferent. O need more information
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