Given the demand and supply system:Pb = 63 - 4 Qb & Pv = 3 + 2 Qv With a specific tax of T^ = 7 , how much does producer surplus change ? Answer: -22.03
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Given the demand and supply system:
Pb = 63 - 4 Qb & Pv = 3 + 2 Qv
With a specific tax of T^ = 7 , how much does
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- Soft drink producer's operation in each week produces q liters of mineral water at a cost of ag) = 2000 + 5g+ 0.001q dollars, selling its output at $15 a liter. The government decides to levy a tax of r dollars a liter on the producer's output, knowing that the producer will adjust the output to maximize its profit with respect to changed situations. a. What is the government's maximum tax revenue T= rq , and at what tax rate is achieved (? 5. b) Investigate the relationship between producer's maximum profit change and tax ? c. C) discuss the situation .In this problem, p is the price per unit in dollars and q is the number of units. If the weekly demand function is p = 128 – 2q and the supply function before taxation is p = 20 + 9q, what tax per item will maximize the total tax revenue? /itemSupply fucntion: QS=200P-700 Demand function: Qd=3000-100p If a goverment want to reduce the quantity of units sold to 500, what is the price per unit tax?
- Suppose that the demand and supply functions for a good are given as follows: Demand: Q =1080-7P --120+3P Suppose now that government iniposes S60 tax per unit of output on sellars. What is the tax revenue for the govemment at the equilibrium? 7200 7320 6840 6000(a) The supply and demand equations for a good are p-2q = 1 and p+ 2q = 9, respectively. Find the equilibrium price and quantity. A percentage [of the price] tax of 100r% is imposed. Find the new equilibrium price and quantity. What fraction of the tax paid has been passed onto the consumer? (b) If an asset is purchased at some initial time t = 0 for $200 and sold at some time t > 0 in the future, the value of the sale is given by P(t) = (2t² + 14t+200)e-¹/10, dollars. Find the stationary points of P(t) and determine their nature. Should the asset be purchased and, if so, when is the best time to sell it? [Hint: The fact that e> 2.7 may be useful.]Price Amount Requested (Unit) Amount Offered (Unit) (IDR) 2400 120 180 2000 160 150 Based on the demand function and supply function that you got in question number 1 above, determine the new market equilibrium point if the government imposes a perunit sales tax (fixed tax) on the goods "X" of Rp. 100 / unit. How much is the tax burden borne by consumers and the tax burden borne by producers, and how much is the government tax revenue
- Based on the graph below, where a=16.53, b=14.72, c=11.44, d371 and e=101, how much is the deadweight loss of taxation? S with tax P in $ unit a D d. e Q in units/period O a. $361.39 O b. $76.35Consider the demand and supply for strawberries to be given by Qd= 10-0.33P and Qs=-6+P and the government imposes per unit tax of $T, such that the total government revenue of $32 is generated at a new equilibrium price of $18. What is the amount of per unit tax in this case? OPTIONS: (i) $8 (ii) $1.77 (iii) $10 (iv) $12Suppose the supply and demand schedules for sandwiches are as follows: P=10 and Qd If a tax of $2 per sandwich is introduced, what is the direct burden of the tax? = 20-P.
- The annual demand for liquor in a certain state is given by the following equation: QD=500.000-20.000P where Pis the price per gallon and QD is the quantity of gallons demanded per year. The supply of liquor is given by the equation Qs=30.000P. Now assume that a unit tax of 1$ is levied on the sellers of the commodity (i.e. statutory incidence is on the producers). (e) What is the government's tax revenue? (f) Determine how much of the total tax is actually paid by th (g) Determine how much of this total tax is actually paid by t (h) Compute the social welfare loss(i.e., dead-weight loss) tax.Suppose the demand for a product is given by P = 100 - 2Q. Also, the supply is given by P = 20 + 6Q. If an 8 TL per-unit excise tax is levied on the buyers of a good, what is the price that the producers get after the tax?Suppose demand is represented by P = 100 - 2Q, and supply is represented by P = 5 + 3Q. If the government imposes a $5 per unit tax, to be collected from the sellers, what is the price elasticity of demand between the pre- and post-tax equilibriums? 0.5 0.63 1 ( 1.7 油