Maximizing tax revenue, Macroeconomics

Assignment Help:

The City of Poorsville needs to raise revenue. Alderman Young has proposed a $10 tax on red cars in the city, currently numbering 2,000. Mayor White, who wants more than $20,000 in revenue, proposes taxing these cars at $100 each. Councilwoman Bluestone goes even farther, suggesting a $1,000 per red car tax, arguing that her proposal will raise $2 million. If maximizing tax revenue is the only consideration, which proposal should pass? Why?

 


Related Discussions:- Maximizing tax revenue

Index number, definition and charactoristics of index numbers.problems whil...

definition and charactoristics of index numbers.problems while constructing index numbers

Pareto optimality, Diagramatic explanation of pareto optimality

Diagramatic explanation of pareto optimality

Welfare economic, Evaluate the Bergson social welfare functions

Evaluate the Bergson social welfare functions

Investment multiplier, what is the formula for calculating investment multi...

what is the formula for calculating investment multiplier for 4 sector economy?

Show the changes in the exchange rate, Q. Show the Changes in the exchange ...

Q. Show the Changes in the exchange rate? Assume that United States is our home country and the current euro exchange rate in direct notation is SD = 1.5 (euro/USD). In indirec

Ppf model, using the ppf model explain the principles of economics of alloc...

using the ppf model explain the principles of economics of allocative efficiency

Determine the long-term direct investment flows, Determine the Long-term di...

Determine the Long-term direct investment flows Long-term direct investment flows are when investors buy physical assets like land or capital equipment in another nation. This

Calculate the actual velocity profile, You are developing a sampling protoc...

You are developing a sampling protocol whereby you're going to insert a probe into a turbulent flow in a circular conduit of radius R. a. Using a description of a velocity profi

Benefits in a perfectly competitive market, "Nearly all critics agree that ...

"Nearly all critics agree that consumers have the most benefits in a perfectly competitive market." Does the above statement apply to microeconomics or macroeconomics? Why? Think a

Write Your Message!

Captcha
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