Find the price paid by consumers and the quantity sold

Assignment Help Engineering Mathematics

Reference no: EM131481785

Question: In a competitive market, the supply schedules is p = 4 + 0.25q and the demand schedule is p = 16 - 0.5q. What would happen to the price paid by consumers and the quantity sold if

(a) a per-unit tax of £3 was imposed, and

(b) a proportional sales tax of 20% was imposed?

Reference no: EM131481785

Questions Cloud

The american marketing association statement of ethics : Focus on the Ethics portion, not the Sexual or Personal Harassment Policy or the Conflict of Interest Policy. Those are not relevant to this assignment.

What input combination will maximize output : A firm faces the demand schedule p = 400 - 0.25q the marginal revenue schedule MR = 400 - 0.5q and the marginal cost schedule MC = 0.3q.

How you plan to develop your conflict management skills set : How each style applies to different conflict scenarios. Discuss conflict management skills. How do you plan to develop your conflict management skills set?

The competitive advantage within each of the four elements : You will put together a PowerPoint presentation that you could present to officers within the company.

Find the price paid by consumers and the quantity sold : In a competitive market, the supply schedules is p = 4 + 0.25q and the demand schedule is p = 16 - 0.5q. What would happen to the price paid by consumers.

Identify relevant academic articles to build your arguments : "Corporate responsibility is a continuum and should follow a capability-based approach". Identify relevant academic articles to build your arguments.

How much labour should it employ and at what wage : (Leave this question if you have not yet covered factor supply theory.) In a factor market for labour, a monopsonistic buyer faces the marginal revenue product.

What is the role of the sacred texts in hinduism : Summarize the mythology and functions of one Hindu god or goddess.What is the role of the sacred texts in Hinduism?

Would you recommend that mr pasture consider this approach : In addition to the options suggested by his staff. Would you recommend that Mr. Pasture consider this approach? Discuss the ethical considerations.

User Account

All Pages