Monday
September 22, 2014

Homework Help: microeconomics

Posted by joikia on Saturday, July 28, 2012 at 7:39pm.

the following information applies to the market for a particular items in the absence of aunit excise tax.

($4,50,200)
($5,75,175)
($6,100,150)
($7,125,125)
($8,150,100)
($9,175,75)
a. according to the informaton above, in the absence of a unit excise tax, what is the market price? what is the equilibrium quantity?
b. suppose that the government decides to subject producers of this item to a unit excise tax equal to $2 per unit sold. what is the new market price? what is the new equilibrium quantity?
c. what portion of the tax is paid by producers? what portion of the tax is paid by the consumers

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

economics - The following information applies to the market for a particular ...
7th grade - Truck Company charges $40 per day & an additional $2 for each mile ...
Chemistry - Express each result to the correct # of significant figures 1. 8.27 ...
Math - This chart shows how high a ball bounces when dropped from different ...
college - RNO Company's market for the Model 55 has changed significantly, and ...
Econ - A firm is considering locating a 100 employee microprocessor production ...
ECONOMICS - According to the principles of a market, when the price of a hot ...
maths - which one of these numbers 9,15,25,45,50,64,100,125,175 has a cube root ...
math - (100-25)x2+25 75x2+25 150+25=175
Statistics - Your program plans to acquire a total of 600 end items costing $535...

Search
Members