The majority of tax created in market

Assignment Help Microeconomics
Reference no: EM131013627

 If you could please explain and solve these it would be appreciated:

Q1: draw a supply and demand graph where the demand curve is more inelastic than the supply curve.  Who would pay (carry the majority of the tax incidence) the majority of any tax created in this market.

Q2: draw a graph showing the long run equilibrium for perfect competition.

draw a graph showing a long run equilibrium for monopolistic competition. 

Q4: if both markets (in Q2 and 3) had the same cost curve what can you conclude about cost of production, price and output? 

Reference no: EM131013627

Questions Cloud

Determine the ratio of blood flow : Assuming that the other variables affecting blood flow remain the same (that is, it in equation (2) remains the same), use equation (2) to determine the ratio of blood flow in the 5M% laded artery vs. the oPen artery.
Extra amount required for investment consistent : When projecting growing cash flows into perpetuity, the estimate should take into account the extra amount required for investment consistent with any projected growth in operating profit. (True, False, Uncertain and explain your response)
Calculate perfectly competitive equilibrium : The market for a box of POG's is defined by Qd-P and Qs.a) Calculate perfectly competitive equilibrium, consumer surplus, and producer surplus.  Include a detailed graph.
Requried annual interest rate : Your parents will retire in 19 years. They currently have $350,000 saved, and they think they will need $800,000 at retirement. What annual interest rate must they earn to reach their goal, assuming they don't save any additional funds?
The majority of tax created in market : If you could please explain and solve these it would be appreciated:Q1: draw a supply and demand graph where the demand curve is more inelastic than the supply curve.  Who would pay (carry the majority of the tax incidence) the majority of any tax cr..
I have performed dupont analysis on caterpillar : Please analyze the asset turnover.(please do not copy any info from google or investopedia)
Find the peak value of the electric field intensity : Show that the time-average value of the magnitude of the Poynting vector given by (4.68) is one-half its peak value. For an antenna radiating a time-average power of 150 kW, find the peak value of the electric field intensity at a distance of 100 ..
What is the expected value of choosing at random : 1. What is the expected value of choosing at random for an agent with x=.252.for what values of v would an agent with x=.25 prefer choosing at random from the alternative to abstaining from choice and getting U=0?
What was its net operating working capital : Rhodes Company’s balance sheet showed total current assets of $12,500, all of which were required in operations. Its current liabilities consisted of $2,868 of accounts payable, $1,765 of 6% short-term notes payable to the bank, and $735 of accrued w..

Reviews

Write a Review

 

Microeconomics Questions & Answers

  Determine factors that influence price elasticity of demand

Select a product you have purchased in the past month from a clothing or shoe store. Explain how each of the four factors contributed to the elasticity of the good.

  Using geert hofstede dimension of culture

Using Geert Hofstede dimension of culture. Describe a significant different between cultures that you have witnessed?

  Efficiency of the medical care system

Michigan is offering financial incentives to improve health. Using economic model(s) demonstrate the impact of such policy on efficiency of the medical care system.

  Indierent between alcohol and cigarettes

Assume that every citizen of country X has the utility function of u(x, y) = 5x+4y. Say that x denotes cigarettes and y denotes alcohol. The government of country X receives revenue from alcohol and cigarrete purchases but wants to curb alcohol co..

  The production facility operates strictly eight hours per

6 aztec furnishings makes hand crafted furniture for sale in its retail stores. the furniture maker has recently

  What is the least-cost combination of labour and capital

What is the least-cost combination of labour and capital to employ in producing 80 units of output? Explain

  Home builder and was hit hard by the economic downfall

You are a Custom Home Builder and was hit hard by the economic downfall of 2008 in the housing market. You have a 100-acre subdivision with $19,000 a month payments on a land and development loan of$1.8 million.

  What is the real value of output

a) What is the real value of output (Q)? Now assume that the Fed increases the money supply by 10% and velocity remains unchanged. b) If the price level remains constant, how much will real output increase?

  What is the output level that each of the firms agrees to

A,B, and C decide to act illegally as a cartel, to divide the market equally among the three of them, and to set the price and output that will maximize their total profits. What price and output do they set? What is the output level that each of ..

  The demand function for rye bread

In a certain kingdom, the demand function for rye bread was q = 181 - 8p and the supply function was q = 13 + 6p, where p is the price in zlotys and q is loaves of bread.

  Find the profit maximizing level of output and price

Assume the market demand for a good is Q = 2500 - 20 P0.8- Find the profit maximizing level of output and price.

  Determine the total amount owed and income generated

Draw a cash flow diagram for each option - Determine the total amount owed and income generated at the end of the four years

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