Price (per latte) $4.50 S 4.00 3.50 3.00 2.50 2.00 1.50 1.00 0.50 0 200 600 1,000 1,400 1,800 Quantity of lattes (in cups) If an excise tax of $2.25 is assessed on each latte, government revenue will be: O $1.800 O $225 O $450 O $400
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- A $5/ unit excise tax was applied. Please help me.19) The diagram below shows supply and demand before (S and D) and after (ST) the government imposes an excise tax. P 48 44 40 36 32 28 24 20- 16 12 8 4 0 3000 6000 FIGURE 18-5 9000 H ST 5 S Q 12000 15000 18000 21000 Refer to Figure 18-5. Producers' total revenue before the excise tax is introduced is equal to A) $432 000. B) $294 000. C) $138 000. D) $84 000. E) $12 000. 19)7. Assuming a $6 per unit tax is imposed, what will be the quantity traded? (a) 4 (b) 8 (c) 12 (d) 14 (e) 18 8. Assuming a $6 per unit tax is imposed, how much revenue will the government collect? (a) $20 (b) $32 (c) $40 (d) $48 (e) $60 9. Assuming the government subsidizes this good to the tune of $6 per unit, what will be the total cost of the subsidy? (a) $112 (b) $96 (c) $56 (d) $42 (e) $14
- In State Z, the sales tax rates vary based on the type of goods sold. For clothing items, the tax rate is 5%, and for electronics, the tax rate is 8%. If Sarah purchases a jacket for $50 and a smartphone for $600, how much sales tax does she pay in total? A) $29 B) $44 C) $46 D) $50Customer: "If I purchase this product for $79.99 and two accessories for $9.99 and $7.00, how much would I owe after the 8.75% tax is applied?" Employee: "Your total would beThe diagram below shows supply and demand before (S and D) and after (ST) the government imposes an excise tax. P 48 44 40 36 32 28 24 20 16 12 8 4 0 H 3000 6000 FIGURE 18-5 ST Refer to Figure 18-5. The excise tax per unit is equal to A) $8. B) $28. C) $32. D) $4. E) $36. S Q 9000 12000 15000 18000 21000
- 21) The diagram below shows supply and demand before (S and D) and after (ST) the government imposes an excise tax. P 48 44 40 36 32 28 24 20 16 12 8 4 0 3000 FIGURE 18-5 -- 6000 ST Q 9000 12000 15000 18000 21000 Refer to Figure 18-5. The direct burden of the tax is equal to A) $432 000. B) $294 000. C) $138 000. D) $84 000. 21) E) $12 000.Price $20 18 16 14 12 10 8 4 2 Dar San 10 20 30 40 50 60 70 80 90 Quantity o The amount of the tax per unit isCOURSE: MICROECONOMICS - TAX REGULATIONS The local diesel market is represented by Q = (912 - P)/12.5 and Q = (P - 315)/11where P is in dollars (USD) per liter of fuel and Q shows liters of fuel (in millions). Currently a tax of USD 130 per liter of diesel is charged.It is requested:(a) Calculate the amount (Q) that is transacted after the tax has been applied. Already solve few hours agob) Show in detail the calculations of a). Is there any difference between the price observed by suppliers and demanders? If so, what is the price observed by the producer and what is the price observed by the consumer? how much is the government's revenue? If there is an efficiency loss, how much is it? Already solve few hours agoc) At present, there are arguments in favor of increasing the tax on diesel and others in favor of decreasing it (at least temporarily). Mention at least ONE argument in favor of increasing this tax and ANOTHER argument in favor of decreasing it. And finally, conclude in…
- COURSE: MICROECONOMICS - TAX REGULATIONS The local diesel market is represented by Q = (912 - P)/12.5 and Q = (P - 315)/11where P is in dollars (USD) per liter of fuel and Q shows liters of fuel (in millions). Currently a tax of USD 130 per liter of diesel is charged.It is requested:(a) Calculate the amount (Q) that is transacted after the tax has been applied.b) Show in detail the calculations of a). Is there any difference between the price observed by suppliers and demanders? If so, what is the price observed by the producer and what is the price observed by the consumer? how much is the government's revenue? If there is an efficiency loss, how much is it? GRAPHc) At present, there are arguments in favor of increasing the tax on diesel and others in favor of decreasing it (at least temporarily). Mention at least ONE argument in favor of increasing this tax and ANOTHER argument in favor of decreasing it. And finally, conclude in favor of which argument you are in favor of.ng System (Academic) of estion Price (dollars per CDJ g 8 40 20 10 + tax on seller Select one: S 0 10 20 30 40 50 60 70 80 D A. $200 million OB. $20 million OG $400 million O D. $40 million Quantity (millions of CDs per year] In the above figure, what is the total tax revenue collected by the government?per ogr 82.00 20.00 17.50 16.00 12.00 10.00 7.50 6.00 2.60 250 500 750 1000 120 1500 1750 Quantity of ehrimp (in kilogram) Government of Canada has introduced deficiency payment program with a target price equal to $1750 per kilogram of Shrimp, Government spending under the program is Select one Oa $12,500 Ob $22500 Oc $15,000