In this problem, p is the price per unit in dollars and q is the number of units. If the weekly demand function is p = 28 - q and the supply function before taxation is p= 4 + 39, what tax per item will maximize the total revenue? /item
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Q: how much total tax revenue is ultimately paid by firms
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Q: Given the following information QD = 240 – 5P QS = P where QD is the quantity demanded, QS is the…
A: ANS QD=240-5P QS=P At equilibrium QD=QS ∴240-5P=P ⇒6P=240 ⇒P=2406=40 Therefore, the equilibrium…
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A: Implementation of sales tax on the sellers will affect the supply of the goods.
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A: Answer: (1). Specific indirect taxes: it refers to the per-unit tax imposed on each unit sold.…
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Q: In this problem, p is the price per unit in dollars and q is the number of units. If the weekly…
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Q: The inverse demand for table salt is p = 200qd+1 , while the inverse supply of table salt is p =…
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A: Supply curve : P = 10+2Q Demand curve : P = 40-2Q At equilibrium, Demand = Supply 10+2Q = 40-2Q
Q: The government is evaluating a tax on alcoholic beverages of $ 10 per unit traded. Suppose that the…
A: QD = 400-p QS = 9p Now, to find quantity before tax, we have to do QD=QS Therefore,…
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A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…
Q: The demand and supply functions for product x are given, respectively, by the equations: P = 83.6 -…
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Q: In this problem, p is the price per unit in dollars and q is the number of units. If the weekly…
A: Answer: Given, Demand function: p=128-2q2 Supply function: p=20+9q After-tax the price received by…
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Q: Refer to Figure 4-4. The per unit burden of the tax on buyers is a. P2 minus P0. b. P2 minus P1.…
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Q: The demand for a product is given by p + 2q = 250 and the supply by p - 4q = 100. a) Find…
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A: P = Qs +8 P = -3Qd + 80 For equilibrium, Demand = Supply Qs +8 = -3Qd + 80 4Q = 72 Q = 18 units…
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Q: Suppose the weekly demand for a product is given by p+2g = 840 and the weekly supply before taxation…
A: Given : Weekly demand=p+2q=840 and p=840-2q Weekly supply=p=0.02q2+0.62q+7.1
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- In this problem, p is the price per unit in dollars and q is the number of units.If the demand and supply functions of a product are p = 6500 − 5q − 0.7q2 and p = 500 + 10q + 0.3q2, respectively, find the tax per unit t that will maximize the tax revenue T. t = $ /itemThe annual demand for liquor in a certain state is given by the following equation: QD=500.000-20.000P where Pis the price per gallon and QD is the quantity of gallons demanded per year. The supply of liquor is given by the equation Qs=30.000P. Now assume that a unit tax of 1$ is levied on the sellers of the commodity (i.e. statutory incidence is on the producers). (e) What is the government's tax revenue? (f) Determine how much of the total tax is actually paid by th (g) Determine how much of this total tax is actually paid by t (h) Compute the social welfare loss(i.e., dead-weight loss) tax.The demand (D) and supply (S) function for a commodity are P =100 – 2Q and P = 10 + Q, respectively. (a) Find the equilibrium price and quantity. That is, find the price and quantity where the D and S functions intersect. (b) A new 10% tax is imposed on this commodity. Find the burden of the tax on demanders and the burden on suppliers. Also find the total taxes.
- In this problem, p is the price per unit in dollars and q is the number of units. If the weekly demand function is p = 128 – 2g2 and the supply function before taxation is p = 20 + 9g, what tax per item will maximize the total tax revenue? /itemIf a $6 per unit excise (sales) tax is imposed, who will suffer the greater burden of this tax, the suppliers or demanders? a) Demanders b) Suppliers c) Both share the burden equally d) Can't tell from the available informationA project requires signing buying 500 cubic yards of concrete per week for the next year from the only local provider. The currently price is $100 per yard and the provider sells 5,000 yards per week. Assuming marginal cost is constant, elasticity of demand at the current price is -1.5.The METB (marginal excess tax burden) is 0.2. a) find opportunity cost of the weekly government purchase (Opportunity Cost = Total Revenue – Economic Profit) b)find original demand and the new demand (Qd = a – b(P)) C)find the new price, and the new quantity purchased by those other than the government in the process.
- Given the supply - demand function of printers in Vietnam as follows: Sx = -20000 + 250P Dx 160000-350P Knowing that Vietnam is considered a small country, the price of a printer on the world market is $120/piece. a. If the Government of Vietnam levies an import tax of 25% on this item, calculate the loss to domestic consumers. How much is the import tax revenue from the Vietnamese government's printer products in this case? b. Due to the commitment to integration, the Government of Vietnam applies an import tax rate of 12.5% for printers, calculate the change in the import tax revenue of the Government of Vietnam. c. To ensure that there are no more imports, what is the minimum tax rate that the Vietnamese government should set?Supply fucntion: QS=200P-700 Demand function: Qd=3000-100p If a goverment want to reduce the quantity of units sold to 500, what is the price per unit tax?The demand (D) and supply (S) function for a commodity are P=100 - 20 and P = 10 + Q, respectively. (a) Find the equilibrium price and quantity. That is, find the price and quantity where the D and S functions intersect. (b) A new 10% tax is imposed on this commodity. Find the burden of the tax on demanders and the burden on suppliers. Also find the total taxes. [In order to insure that we all do this problem in the same way, let's assume that the tax is imposed on the supply side of the market. In addition, the burden of the tax on demanders is the difference in price demanders pay when the tax is in existence less the price they paid when there was no tax. The burden on suppliers is the difference in price suppliers received when there was no tax and the net price (after remitting tax to the government) they receive when the tax is in existence.]
- The inverse demand for table salt is p = 200qd+1 , while the inverse supply of table salt is p = 10+ 2qs. a. Find the equilibrium price of table salt before AND after the imposition of a 40% ad valorem tax on the consumers of table salt. b. Describe the distribution of the burden (incidence) of this ad valorem tax between consumers and producers. c. Find and interpret the price elasticity of supply (es) at the after-tax equilibrium price and quantity.The demand (D) and supply (S) function for a commodity are P =100 – 2Q and P = 10 + Q, respectively. (a) Find the equilibrium price and quantity. That is, find the price and quantity where the D and S functions intersect. (b) A new 10% tax is imposed on this commodity. Find the burden of the tax on demanders and the burden on suppliers. Also find the total taxes. [In order to insure that we all do this problem in the same way, let’s assume that the tax is imposed on the supply side of the market. In addition, the burden of the tax on demanders is the difference in price demanders pay when the tax is in existence less the price they paid when there was no tax. The burden on suppliers is the difference in price suppliers received when there was no tax and the net price (after remitting tax to the government) they receive when the tax is in existence.]The demand and supply functions for product x are given, respectively, by the equations: P = 83.6 - 0.037 Q P = 15.7 + 0.056 Q. A P10 tax per units is levied to the manufacturer. What is the price paid by the buyer before the imposition of tax?