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!
Consumer Surplus
"Consumer surplus" represents the difference between what a consumer is willing to pay for a good or service and the price that they actually pay. In other words, the concept of consumer surplus indicates how much consumers gain from consuming goods and services at a specified price.
Now let's consider the case of a "consumer deficit" or the loss represented by consumers who exist at the opposite end of the demand curve. These are those persons who cannot afford to consume any goods or services at the specified price.
To address such a consumer loss, imagine that you are now tasked with imposing a "surplus tax" on consumers through the addition of an individual sales tax which will be added to the market price of certain goods and services. The proceeds from such a tax will be used to compensate an equal number of those consumers at the bottom of the demand curve, thereby, giving them the opportunity to consume such goods and services which they otherwise would not have been able to purchase at the specified price.
What would be the various consequences of this tax on both consumption as well as production? In your response, provide examples and analysis to justify your conclusions. Quotations, paraphrases, and ideas you get from books, articles, or other sources of information should be cited using APA style.
Rising educational levels of women have been central to our discussions of marriage behavior, fertility behavior and labor force behavior. And, education is a focus of the recent report by the Pew Research Center.
Suppose average movie attendance is 250 million tickets when prices are $7 a ticket and 200 million when prices are $9 a ticket.
the company had purchased 58000 of inventory from zahn a vendor approximately 3yrs ago. as of today the balance of the
the widget market is competitive and includes no transaction costs. suppliers are willing to sell five widgets at 30
the market supply curve of action movies is given by qs1050p. the demand for action movies can be segmented into two
imagine that you are a manager running a unit in a rehabilitation center. up to this point your primary population of
What factors should a seafood processing plant, a cell phone retailer, and a barber shop consider in choosing a location? List factors for each type of business
Assume that a union's target is to maximize total wage income received by union workers, namely, the average union wage times the number of union workers employed.
Your civil engineering consulting firm is going to purchase a new computer-aided design (CAD) system at a cost of $100,000. The CAD system will have no salvage value at the end of its useful life of 5 years.
by outsourcing overseas a company can reduce costs but must also take certain risks. global supply chains are exposed
the national catch of atlantic cod has been declining in the past few decades. we can model this decline with the
write a 1050- to 1400-word paper in which you explain the importance of your selected businesss vision mission and
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