Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
The charter boat fishing industry has a marginal benefit (demand) for fishing trips out of Irondequoit Bay which can be expressed as a linear function of the price of the trip and the number of trips taken out of the port. This marginal benefit curve is estimated to be -2Q+1200. The local industry marginal cost curve is estimated to be a linear function of number of trips taken and is estimated to be Q+40. In recent years, environmental groups have argued that the charter boat industry is overfishing common sport fish salmon, char, etc. and have estimated the total social cost, which include the cost of this loss biodiversity and other passive forms of fish enjoyment, to be 3Q+50. The environmental groups are arguing for a tax on this industry. Assuming the social marginal cost estimation is correct, please answer the following:
1. What is the optimal tax on this industry?
2. What is the amount of tax revenue generated by this tax?
3. What is the size of the deadweight loss?
4. What are the consumer and producer surplus measures before the tax?
5. What are the consumer and producer surplus measures after the tax?
6. What is the percentage change in consumer and producer surplus due to the tax? Is the burden of this tax falling roughly equally on both fishermen and charter boat owners?
if you deposit $1000 now, $3000 four years from now follows by five quartely deposite decreasing by $500 per quarter at an interest rate of 12% per years compounded quartely. how much will you have in your account 10 years from now?
What information would you use to make predictions about the economic demands and probable settlement for a particular union-management negotiation?
Suppose the state is trying to decide how many miles of a very scenic river it should preserve.
q. a a country recently passed food stamp legislation. qualified households are given food stamps which can be used to
According to Classical economists, which type of fiscal policy financing produces "crowding out?"
A farmer uses a piece of land with the following accounting costs to grow a crop worth $1800. If a normal rate of return is $100 on such an investment, what will the value of the land be for use during this time period?
A product has a negative income elasticity. What does that measure tell us about the product? Answer should be two paragraphs.
What is a stream of historical data known as?
q1. how are protectionist policies from other countries predicted to affect chinas relative supply and relative
Assume the sale of human organs is legalized and a free market develops. Furthermore, assume the market is in equilibrium. Trace through the price and output effects of the following: An increase in the incomes of potential buyers of human kidneys. A..
The type of planning conducted on a long-range basis by top managers is usually called
Please, complete the following 2 applied problems in a Word or Excel document. Show all your calculations and explain your results. Submit your assignment in the drop box by using the Assignment Submission button.
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd