How much is the total tax burden

Assignment Help Microeconomics

Reference no: EM133396061

Question: If P = $100, and the tax burden is apportioned where the consumers bear 28% of the tax and suppliers bear 72% of the tax, what price do consumers pay and what price do suppliers receive per unit. If the quantity transacted after the tax is 1000 units, and the quantity transacted at the market's equilibrium before the tax is 1200 units, how much is the total tax burden, how much is the consumers' share and how much is the producers' share?

Reference no: EM133396061

Questions Cloud

Conduct job evaluation and job pricing : Provide reccomendations to the existing problems Duplox copier Canada Limited. that should include the tasks to conduct job evaluation and job pricing

Positive relationship between income and satisfaction remain : Although higher incomes generate more satisfaction, greater satisfaction offers greater motivation for individuals to work hard and generate higher incomes

Determining critical path is important in project management : Explain why determining the critical path is important in project management. Please explain in detail and provide samples. Also references.

Develop an organizational climate that attracts and keeps : Develop an organizational climate that attracts and keeps good people, by choice, for an average of 7-8 years tenure at any of the company locations.

How much is the total tax burden : how much is the total tax burden, how much is the consumers' share and how much is the producers' share

Discusses building the case for change : In Chapter 3, Gambles discusses building the case for change, including what happens if no change is made

What is the price suppliers receive as a result : consumers pay $7 per unit after the tax is imposed and bear 48% of the tax burden, what is the price suppliers receive as a result of the $2 per unit tax

Determining the optimal number of docks : Determining the Optimal Number of Docks: Determine the optimal number of docks to request in order to minimize the sum of dock costs and driver-truck costs.

How should connor approach his general manager : What could happen? How should Connor approach his general manager? Supposing you were Connor, what would be your take?

User Account

All Pages