Finding consumer surplus-producer surplus and tax revenue

Assignment Help Business Economics
Reference no: EM13839357

Little confused on finding Consumer Surplus, Producer Surplus and Tax Revenue when tax is involved. I’m use to seeing the supply and demand lines extending to the y axis so i can find out the CS and PS easily by taking the area of the triangles between the equilibrium. 

Reference no: EM13839357

Questions Cloud

When you move your company to paymaster : Which of these will still be needed when you move your company to PayMaster?
The price of oranges has risen dramatically : The price of oranges has risen dramatically. Which of the following is likely to happen?
Example of a change in the quantity demanded : Which of the following is an example of a change in the quantity demanded? (Hint. For which items is there a direct change in price that leads to a change in quantity demanded) Markets are more efficient when information is perfect; an example is:
Wealth and housing possibilities after housing prices fall : If I spent all my money ($450,000) on a new house I could buy a house with 4500 square feet. I settle for a 1500 square foot house. (Each square foot costs the same.) The day after I close the deal a nearby nuclear power plant is condemned and the va..
Finding consumer surplus-producer surplus and tax revenue : Little confused on finding Consumer Surplus, Producer Surplus and Tax Revenue when tax is involved. I’m use to seeing the supply and demand lines extending to the y axis so i can find out the CS and PS easily by taking the area of the triangles betwe..
The difference between monopsonist and monopolist : The difference between a monopsonist and a monopolist is that. In a perfectly competitive output market, the value of the marginal product of a resource is
Economys real gdp doubles : If the economy's real GDP doubles in 18 years, we can...
What is annual equivalent life-cycle cost of the gas turbine : A 50-kilowatt gas turbine has in investment cost of $40,000. It costs another $14,000 for shipping, insurance, site preparation, fuel lines, and fuel storage tanks. The operation and maintenance expense for this turbine is $450 per year. what is the ..
Statements concerning market structure : The characteristic that distinguishes a perfectly competitive market from a monopolistically competitive market is. Which of the following statements concerning market structure is not true?

Reviews

Write a Review

Business Economics Questions & Answers

  Maintain a claim for sexual harassment

Explain what Alice must prove in order to maintain a claim for sexual harassment and constructive discharge.

  Observed in level of economic development

Briefly explain the disparities we observed in level of economic development in the world today. According to easterlin, why is substantial formal education system necessary for sustain economic growth? what are some of the characteristics of that ed..

  Write the above games in normal forms

In a two–player, one shot simultaneous – move game each player can choose strategy A or strategy B. If both players choose strategy A, each earns a payoff of $500. If both players choose strategy B, each earns a payoff of $100. If player one chooses ..

  Exchange rate with the euro rises

Suppose Canada's exchange rate with the euro rises from 1.2 to 1.4. This rise indicates a(n) ________ of the Canadian dollar, which means it takes ________ Canadian dollars to purchase one euro.

  What happen to the quantity of apples demanded

The own price elasticity of demand for apples is -1.2 if the price of apples falls by5%, what happen to the quantity of apples demanded?

  One kind of gain from specialization is that

One kind of gain from specialization is that

  Foreign-exchange markets and buys foreign currencies

If a central bank intervenes in the foreign-exchange markets and buys foreign currencies:

  Domestic produces often base their claim for import

Domestic produces often base their claim for import protection on the fact that workers in country X are paid substandard t wages.

  The new cfo thinks that inventories are excessive and could

Quigley Inc. is considering two financial plans for the coming year. Management expects sales to be $301,770, operating costs to be $266,545, assets to be $200,000, and its tax rate to be 35%. Under Plan A it would use 25% debt and 75% common equity.

  Calculate the present value of net benefits

A highway department is considering building a temporary bridge to cut travel time during the three years it will take to build a permanent bridge. The temporary bridge can be put up in a few weeks at a cost of $740,000. Calculate the present value o..

  Should the antitrust authorities stop more corporate mergers

Should the antitrust authorities stop more corporate mergers  than they currently do? What are some of the pros and cons?

  Q1 liliana sells dvds it costs her 40 an hour to keep the

q1. liliana sells dvds. it costs her 40 an hour to keep the store opem 500 for monthly rent and 3 an hour for

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd