What is the total surplus before the tax

Assignment Help Econometrics
Reference no: EM13224831

Andre walks Julia's dog once a day for $50 per week. Julia values this service at $60 per week, while the opportunity cost of Andre's time is $30 per week. The government places a tax of $35 per week on dog walkers. Before the tax, what is the total surplus?

Reference no: EM13224831

Questions Cloud

What is the average time a customer is in the shop : What is the average time a customer is in the shop?
What average number of persons can be expected to be : What average number of persons can be expected to be in the system?
Compute the maximum temperature of the water : If the heated copper is then placed into the water in the insulated container, given that the specific heat of copper is 0.385J/(gC), calculate the maximum temperature of the water after the copper metal is added.
What percentage of time is judy idle : What is the probability that an arriving student (just before entering the Administrative Services Office) will find at least one other student waiting in line?
What is the total surplus before the tax : Andre walks Julia's dog once a day for $50 per week. Julia values this service at $60 per week, while the opportunity cost of Andre's time is $30 per week. The government places a tax of $35 per week on dog walkers. Before the tax, what is the tot..
Compute the delta g : Calculate the delta G at 400K for the following phase change: Sulfur(monoclinic) to sulfur rhombic. Do not assume that delta H or delta S are independent of temperature
How to use wildcards when conducting a database search : To conduct an effective database search a. choose one search engine and stick with it. b. enter variations of your search terms to increase the likelihood of obtaining desirable "hits." c. use long search phrases rather than short ones or single term..
Is it more cost-effective for groundz to switch suppliers : Groundz can place orders only once a month. Inventory and ordering costs would remain the same. Is it more cost-effective for Groundz to switch suppliers? Should Groundz switch? (new total cost $3042.67, switch)
Compute the counts s-1 : Calculate the counts s-1 which should be observed by a detector of 2 cm2 area placed 300 cm from a sample of l2 containing 2 millicuries of 128l.

Reviews

Write a Review

Econometrics Questions & Answers

  Design a simple econometric research project

Design a simple econometric research project

  Multiplicative decomposition method

Multiplicative decomposition method

  Market for cigarettes

The Australian government administers two programs that affect the market for cigarettes.

  Solve the forecast model

Solve the forecast model

  What are the marginal abatement cost functions

What are the marginal abatement cost functions for each of the two areas? Calculate the loss in the two areas due to over-control (for the rural area) and under-control (for the urban area).

  Write the t statistic for testing the null hypothesis

Explain why this model violates the assumption of no perfect collinearity.  Write the t statistic for testing the null hypothesis

  What is economics system

What is economics system? What are the types of economics system? Briefly explain each type of economics system by giving examples of nations that are close to each type

  Multiple choice questions related to market concentration

Determine when a competitively produced product generates negative externalities in production, the industry will,

  Calculating number of units produced by firm

Assume a company has the following production function: Q = 100 K.5 L1 . Currently, the company hires 1,000 workers and employs 100 units of capital.

  Question about mobile commerce

M-commerce also known as mobile commerce is being lumped in with several strategic internet plans. Explain some of the industries that are likely to use mobile commerce and how it is working for them.

  Calculating the average days past due and average flow time

Auto Data manufactures custom engineering testing machine. The following 5-orders are currently in the design department:

  Mechanism of an english auction and second price auction

Briefly discuss the difference between mechanism of an oral or English auction and a Vickrey or second price auction.

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