User Account

All Pages

What was the equilibrium quantity

Assignment Help Business Management
Reference no: EM131277914

The demand curve for two liter bottles of soda is given by QD-1000P, and the supply curve is given by QS. In an effort to reduce soda consumption, the government has placed a tax of .50 per two liter bottle that is added to the consumer's bill at the checkout.

a. Before the tax was imposed, what was the equilibrium quantity?

b. After the tax is imposed, what is the equilibrium quantity?

c. How much revenue will the government collect from this tax?

d. What is the reduction in total benefits due to this tax?

e. What is the reduction in total costs due to the tax?

f. What is the deadweight loss of this tax?

Reference no: EM131277914

Questions Cloud

Example of a nations foreign exchange market intervention : Find a recent example of a nation's foreign exchange market intervention and note what the government's justification was. Does this justification make economic sense?
Find what are the profit-maximizing price and output levels : What are the profit-maximizing price and output levels? Explain them and calculate algebraically for equilibrium P and Q. Then, plot the MC, D , and MR curves graphically and illustrate the equilibrium point.
Explain internal and external threat to security for project : Describe the internal and external threats to security for your project. Outline which type of security and threat prevention technology you recommend for your project and how it will be implemented.
What lessons can economists draw from the breakdown : What lessons can economists draw from the breakdown of the Bretton Woods system? - What lessons can economists draw from the exchange rate experiences of the European Monetary System?
What was the equilibrium quantity : a. Before the tax was imposed, what was the equilibrium quantity? b. After the tax is imposed, what is the equilibrium quantity? c. How much revenue will the government collect from this tax?
Determine how many resources are used by the realization : Target your design to an available PLD, CPD, or FPGA and dete1mine how many resources are used by the realization.
What underlies the pesetas historical weakness : What underlies the peseta's historical weakness?- Comment on the banker's statement. -  What are the likely consequences of EMS membership on the Spanish public's willingness to save and invest?
What was net capital spending for 2015 : What was net capital spending for 2015? (Do not round intermediate calculations. Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.)
Compute the firm profit for the output levels : a.) Compute the firm's profit for the output levels of (Q=2, 8, 14) b.) Drive an expression for the marginal profit.

Reviews

Write a Review

Business Management Questions & Answers

  Write a program that calculates average of n integers

Write a program that calculates the average of N integers. The program should prompt the user to enter the value for N and then afterward must enter all N numbers. Use an array to save the N integers.

  At what quantity do the two ovens have equal cost

At what quantity do the two ovens have equal cost?

  Identify cultural characteristics that will be important

Using the United States as a basis for comparison, evaluate each country's similarities and differences. Use your textbook and the CTU Library to help identify cultural characteristics that will be important during your first meeting with each cou..

  Knowledge or insights gained

Which concept or piece of new information most surprised you? Why? What knowledge or insights gained from this course will be the most useful or important to you as you proceed with your career? Why?

  Believe fraudulent reporting is positively correlated

Explain whether you believe fraudulent reporting is positively correlated with each of the following conditions More financial pressure imposed by a supervisor of a firm

  How innovation might benefit the organization

Describes how innovation might benefit the organization in terms of meeting its organizational objectives

  Is there any value left in the big-screen movie experience

How can broadcast television change to remain competitive and can you cite any examples of programming changes that they have made to do so already? How does "free content" in television play into this?

  Explain vr roadmap key components

What is VR and how this problem is getting solved. Explain VR roadmap key components: objective, deliverables, and tools by phase. How VR phases align with Six sigma process.

  Thoughts about extreme couponing

What are your thoughts about extreme couponing? Should retailers take steps to restrict it or embrace it as some online retailers have?

  Examine the information on traditional training methods

Examine the information on traditional training methods and which do you think tend to be the most effective and why

  Explain and create a cost-benefit analysis

Explain and Create a cost-benefit analysis that illustrates the return on investment that you would receive from purchasing a computer

  Organizational design analysis

Organizational Design Analysis - Specific findings from each interviewee on all 10 interview questions

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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