When do consumers pay the most of sales tax

Assignment Help Business Economics
Reference no: EM131094386

When do consumers pay the most of a sales tax? When do producers pay most of the tax?

How should sunk cost be taken into account in decision making? (include example if possible).

Given that sales taxes cause deadweight loss, what should be the elasticities of the products taxed that would minimize that loss?

When does the government make the most revenue from a sales tax?

Reference no: EM131094386

Questions Cloud

Types of students rural areas and urban areas : Suppose two types of students, those from rural areas and those from urban areas, apply to college. There are only two types of performances, excellent and poor. It has been found that a higher percentage of urban students perform poorly than rural s..
What is the internal rate of return for this proposal : A proposal for investing 8.5 million has been made. The investment would return end of period payment of 1.15 million for 15 periods at which time the investment could be sold for 2.6 million. What is the internal rate of return for this proposal?
Calculate the firms producer surplus : Suppose the market price in a perfectly competitive market is $10. Suppose the marginal cost of the firm is given by: MC = 2Q + 2. Graph the profit maximizing decision facing the firm, showing the corresponding profit maximizing level of output, on a..
Plans on increasing her investments : Elaine is going to invest $5,000 this year, and plans on increasing her investments by 7% each year. If she invests for 20 consecutive years and earns 7% per year, the amount she deposits on the 20th year is closest to …
When do consumers pay the most of sales tax : When do consumers pay the most of a sales tax? When do producers pay most of the tax? How should sunk cost be taken into account in decision making? (include example if possible). Given that sales taxes cause deadweight loss, what should be the elast..
In order for the account to be completely emptied : In August 2000, an account that pays 6% interest was opened with a deposit of $12,000. There was and will be no withdrawals or additional deposits until August 2010, when the first of four equal annual withdrawals are made. In order for the account t..
What is the current unemployment rate : The natural rate of unemployment is also the steady-state unemployment rate, the unemployment rate toward which the economy moves. Once the economy reaches this steady state, the unemployment rate tends to remain the same.  What is the current unemp..
What stage of the business cycle : Examine the level of business activities in the U.S. economy over the past few months. Which trends do you find of interest? What stage of the Business Cycle is the U.S. economy, given the current levels of business activity?
Forecasting method-identify sales trends : When writing technical reports, be aware that the numbers, formulas, and concepts can sometimes be overwhelming for the reader. Illustrate how to meet that challenge by doing the following: Identify which forecasting method would best fit the need to..

Reviews

Write a Review

 

Business Economics Questions & Answers

  Describe the harrod-domar growth model

Describe the Harrod-Domar growth model, and explain precisely how the model illustrates dynamic instability. Why is it often called the “knife’s edge model”?

  Suppose an individual faces employment risk

Suppose an individual faces employment risk of the following form: Her employment is subject to business cycles in which she faces the risk of a layoff with probability 10%. When she is employed, she receives an income of $100. She earns nothing when..

  Depreciation rate affects the bundle of capital and labor

Show graphically and explain how increasing the depreciation rate affects the bundle of capital and labor that a firm chooses for production.

  What can it be sold for now if a buyer desired return

A 15 year bond having a face value of $5000 and a coupon rate of 6 percent per 6 months payable semiannually was purchased for $7000 8 years ago, and the 16th interest payment was just made. What can it be sold for now if a buyer's desired return..

  What are the effects of inflexible prices

What are the effects of inflexible prices? What are the fundamental questions on demand shock? Why are the demand shocks so important? Why government is responsible in resolving economic shocks?

  Primarily due to charles effective sales techniques

Alfred, Beth, and Charles orally agreed to start ABC Computers (“ABC”), a business to manufacture and sell computers. Alfred contributed $100,000 to ABC, stating to Beth and Charles that he wanted to limit his liability to that amount. How should ABC..

  Difficulty of defining and using the user cost of capital

Explain the difficulty of defining and using the user cost of capital and discuss the value in making decisions based on it, rather than accounting expense data. Present how to make the most economical downsizing decisions. Include the mix of capital..

  When conducting rate of return analysis

When conducting a rate of return (ROR) analysis involving mutually exclusive alternatives, the first step is to:

  Illustrate what is marginal product of capital in situation

Illustrate what is marginal product of capital in this situation. What must the saving rate be to achieve the Golden Rule level of capital.

  Marginal revenue is greater than price firms profit

When marginal revenue is greater than price the firm's profit is always positive. When an increase in the quantity results in a reduction in profit marginal cost is greater than marginal revenue. Generally, to maximize profit is to minimize cost.

  1 consider 2 countries avataria and twilightia which can be

1. consider 2 countries avataria and twilightia which can be described by the solow model. avataria has a capital-labor

  Find the economic service life of this new machine

A new machine would cost $18,000, have operating costs of $1,000 in the first year, and have a salvage value of $10,000 at the end of the first year. For the remaining years, operating costs increase each year by 15% over the previous year’s operatin..

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