Homework Answers
ANSWER :: (A) 1,111
=> Explanation ::
Quantity = 57. Tax = $4
Price = 23.50
Revenue = Total Revenue After Tax - Tax
= ( 57 Unit * 23.50 ) - (57 Unit * 4)
= 1329 - 228
= 1,111
Add Answer to:
old price= $22
new price= $23.35
total tax = $4
tax on buyer =$1.35
tax on...
How much will the buyer pay for the product after the tax is imposed? How much will the seller receive after the tax i...
How much will the buyer pay for the product after the
tax is imposed?
How much will the seller receive after the tax is
imposed?
As a result of the tax, what has happened to the level
of output?
Calculate the economic welfare after government imposes
a tax of $5 per unit on buyers.
Total Surplus
Government Revenue
DWL
Producer Surplus
Supply Demand 10 20 30 40 50 60 70 80 Quantity
Part 1. What was the equilibrium price in this market before the tax? What is the amount of the tax? How much of the t...
Part 1.
What was the equilibrium price in this market before the
tax?
What is the amount of the tax?
How much of the tax will the buyers pay?
How much of the tax will the sellers pay?
How much will the buyer pay for the product after the tax is
imposed?
How much will the seller receive after the tax is imposed?
As a result of the tax, what has happened to the level of
output?
Calculate the economic...
According to the graph shown, if the price decreases from $22 to $16, consumer surplus would...
According to the graph shown, if the price decreases from $22 to $16, consumer surplus would increase by Price $28 26 24 22 20 . 8 16 14 10 6 1 2 10 20 30 40 50 90 70 80 90 100 110 120 130 140 150 Quantity a. 120 b.360 c. 480 d. 600
A business analyst wants to know if a new website design compared to an old website design is showing increased page vie...
A business analyst wants to know if a new website design compared to an old website design is showing increased page views per visit. Two different samples of customers are randomly sent to one of two different websites, offering the same products, but with different designs. Is there a difference in average page views between the new and old website design? Use data from "website" sheet in excel. Which of the following was the p-value you used for this statistical...
QUESTION 25 Figure: The figure below indicates a tax size of AB. 1 Price + Supply...
QUESTION 25 Figure: The figure below indicates a tax size of AB. 1 Price + Supply + + Demand + + + + + + + + + + 5 10 15 20 25 30 35 40 45 50 55 60 Quantity Refer to Figure 8-7. Which of the following statements is true about tax incidence? a. Buyers pays less tax then the sellers b. Buyers and sellers share the same burden of tax. C. Buyers and sellers both will...
question 3 can someone explain how is total revenue calculated in this question? also questions a,b,c...
question 3
can someone explain
how is total revenue calculated in this question? also
questions a,b,c
Paragraph Styles Editing 3. Assume that a pure monopolist is able to engage in perfect price discrimination and sell each unit of the product at a price equal to the maximum price the buyer of that unit of the product would be willing to pay. Complete the table below by computing total revenue and marginal revenue for the price discriminating monopolist. Total revenue $...
Which of the following factors is a 'demand shifter for new houses? Multiple Choice O wages...
Which of the following factors is a 'demand shifter for new houses? Multiple Choice O wages for construction workers C) the interest rates on mortgage loans C) the price of new houses C) the price of lumber < Prev 27 of 50 ! Nery > In the past few years, the demand for donuts has greatly increased. This increase in demand might best be explained by Multiple Choice C ) consumers expecting donut prices to fall. C ) an increase...
'Student Pair' 'Standard Teaching Method' 'New Teaching Method' 1 51 67 2 72 90 3 85...
'Student Pair' 'Standard Teaching Method' 'New Teaching Method' 1 51 67 2 72 90 3 85 82 4 51 63 5 73 76 6 72 73 7 65 78 8 72 94 9 72 85 10 95 100 11 70 80 12 60 72 13 57 100 14 48 58 15 74 89 16 63 97 17 82 88 18 57 45 19 87 81 20 65 99 21 48 69 22 97 70 23 61 47 24 83 73...
3. For the Price variable, test the hypothesis of µ being different than 11,500 at the...
3. For the Price variable, test the hypothesis of µ being
different than 11,500 at the 5% level of significance:
(a) (10 pts) State your null and alternative hypotheses.
(b) (10 pts) Find the relevant p-value and write it down.
(c) (10 pts) What do you conclude, based on your findings?
1 2 3 4 5 6 1 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29...
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...
How much will the buyer pay for the product after the
tax is imposed?
How much will the seller receive after the tax is
imposed?
As a result of the tax, what has happened to the level
of output?
Calculate the economic welfare after government imposes
a tax of $5 per unit on buyers.
Total Surplus
Government Revenue
DWL
Producer Surplus
Supply Demand 10 20 30 40 50 60 70 80 Quantity
Part 1.
What was the equilibrium price in this market before the
tax?
What is the amount of the tax?
How much of the tax will the buyers pay?
How much of the tax will the sellers pay?
How much will the buyer pay for the product after the tax is
imposed?
How much will the seller receive after the tax is imposed?
As a result of the tax, what has happened to the level of
output?
Calculate the economic...
According to the graph shown, if the price decreases from $22 to $16, consumer surplus would increase by Price $28 26 24 22 20 . 8 16 14 10 6 1 2 10 20 30 40 50 90 70 80 90 100 110 120 130 140 150 Quantity a. 120 b.360 c. 480 d. 600
QUESTION 25 Figure: The figure below indicates a tax size of AB. 1 Price + Supply + + Demand + + + + + + + + + + 5 10 15 20 25 30 35 40 45 50 55 60 Quantity Refer to Figure 8-7. Which of the following statements is true about tax incidence? a. Buyers pays less tax then the sellers b. Buyers and sellers share the same burden of tax. C. Buyers and sellers both will...
question 3
can someone explain
how is total revenue calculated in this question? also
questions a,b,c
Paragraph Styles Editing 3. Assume that a pure monopolist is able to engage in perfect price discrimination and sell each unit of the product at a price equal to the maximum price the buyer of that unit of the product would be willing to pay. Complete the table below by computing total revenue and marginal revenue for the price discriminating monopolist. Total revenue $...
Which of the following factors is a 'demand shifter for new houses? Multiple Choice O wages for construction workers C) the interest rates on mortgage loans C) the price of new houses C) the price of lumber < Prev 27 of 50 ! Nery > In the past few years, the demand for donuts has greatly increased. This increase in demand might best be explained by Multiple Choice C ) consumers expecting donut prices to fall. C ) an increase...
3. For the Price variable, test the hypothesis of µ being
different than 11,500 at the 5% level of significance:
(a) (10 pts) State your null and alternative hypotheses.
(b) (10 pts) Find the relevant p-value and write it down.
(c) (10 pts) What do you conclude, based on your findings?
1 2 3 4 5 6 1 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29...
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...
Most questions answered within 3 hours.
-
Given the data below for the monthly sales data at each branch in
your region for...
asked 38 minutes ago -
Blossom Company owns 10000 of the 50000 outstanding shares of
Taylor, Inc. common stock. During 2018,...
asked 2 hours ago -
Calculate the following: ***SHOW ALL WORK!!!! Or
NO CREDIT*** Circle your answers. 8pts
each
In the...
asked 3 hours ago -
Bank Z is currently advertising interest rates on its checking
account. They claim to pay an...
asked 3 hours ago -
List two ways of transformation on the response variable that
can be used to deal with...
asked 4 hours ago -
If a 2000 ohm resistor has a -3.90 mA current going through it.
What is the...
asked 4 hours ago -
Please comment on the sentences.
Some types of jobs require more training than others. Some
companies...
asked 5 hours ago -
The )G01 for the hydrolysis of phosphorarginine
reaction depicted below is –32 kJ mol-1.
Phosphoarginine ...
asked 5 hours ago -
Cross a heterozygous blue-eyed goat with a homozygous brown-eyed
goat. Be sure to indicate which kids...
asked 6 hours ago -
Use the following information to answer the next two
questions.
Please refer to question 9-90. A...
asked 6 hours ago -
A solution containing 0.050 g of an unknown electrolyte in 2.50
g of cyclohexane was found...
asked 6 hours ago -
Question 1
a) Hydraulic conductivity of soils is an important parameter for
the design of engineering...
asked 6 hours ago