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Author Question: The total welfare associated with a market that includes a government sales tax equals A) ... (Read 78 times)

kodithompson

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on: Jul 1, 2018
The total welfare associated with a market that includes a government sales tax equals
 
  A) consumer surplus plus producer surplus.
  B) consumer surplus plus producer surplus minus government tax revenue.
  C) consumer surplus plus producer surplus plus government tax revenue.
  D) the government tax revenue.

Question 2

Suppose anyone with a driver's license is capable of supplying one trip from the airport to the downtown business center on any given day. The long-run supply curve of such trips is horizontal at p = 50, which is the average cost of such trips. Suppose daily demand is Q = 1000 - 10p. Calculate the change in consumer surplus, producer surplus and social welfare if the city government requires those people supplying such trips to possess a special license, and the government will issue only 300 licenses.
 
  What will be an ideal response?
Microeconomics ¦ Perloff ¦ 8th Edition
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vboyd24

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Reply #1 on: Jul 1, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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kodithompson

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Reply #2 on: Jul 1, 2018
Correct answers!


vboyd24

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Reply #3 on: Jul 1, 2018
Great! Please up vote :D


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