Study finds that the noise from leaf blowers is harmful

Assignment Help Business Economics

Reference no: EM13998768

A study finds that the noise from leaf blowers is harmful, so the government imposes a $20 tax on the sale of every unit. This amount accurately accounts for the social cost of the noise pollution. Before the corrective tax, Blown Away Manufacturing regularly sold blowers for $150. After the tax is in place, the market price for leaf blowers rises to $160.

Reference no: EM13998768

Questions Cloud

Examine the level of business activities : 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? Use current data

What new ideas about society and government : What new ideas about society and government in France are reflected in this excerpt from The Declaration of the Rights of Man and the Citizen?

Strictly dominated strategies have been eliminated : The board of a company has to elect a new CEO. Three members are on the board, 1,2,3. After a first round of selection, three candidates are left: α, β and γ. Preferences are as followed: Consider the game when all weakly or strictly dominated strate..

Elasticity and inelasticity : Consider changes in the supply of fresh orange juice. Give an example of a change in the price and quantity supplied that would demonstrate each of the following. Elasticity, Inelasticity

Study finds that the noise from leaf blowers is harmful : A study finds that the noise from leaf blowers is harmful, so the government imposes a $20 tax on the sale of every unit. This amount accurately accounts for the social cost of the noise pollution. Before the corrective tax, Blown Away Manufacturing ..

Major human activities that impact the environment : Identify the major human activities that impact the environment. Give a specific example of such activities. Weigh the consequences, benefits, and necessities addressed by the activity and the cost of implementing a sustainable approach

Did the elbonian labor force participation rate rise or fall : The country of Elbonia recently consisted of 20 million people in its adult non-institutionalized population, 8 million people employed, and 2 million unemployed, for an unemployment rate (U-3) of 20% and a labor force participation rate of 50%. Did ..

Evaluate the partial productivity of the variable input : The cost function of a firm is TC = 50 + 4 Q + 2 Q^2. Find the following: The fixed cost (TFC) and the variable cost (TVC) functions The average total cost (ATC), the average variable cost (AVC), and the marginal cost functions (SMC) Using the AVC fu..

Intended for low demand consumers is the most profitable : Clearvoice is a wireless telephone monopolist in a rural area that serves 100 high-demand consumers, each of which has the following monthly demand curve for minutes of wireless service QHd = 100 − 100P, Which of the following per minute prices in th..

User Account

All Pages