This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: What information is conveyed by the shape of the Laffer curve? (Read 12 times)

madimontg

  • Full Member
  • ***
  • Posts: 127
on: Oct 12, 2022

Question 1

The diagram below shows supply and demand before (S and D) and after (ST) the government imposes an excise tax.



FIGURE 18-6

Refer to Figure 18-6.The excess burden of this tax is equal to


◦ $22 500.
◦ $87 750.
◦ $123 750.
◦ $112 500.
◦ $236 250.

Question 2

What information is conveyed by the shape of the Laffer curve?
◦ the relationship between marginal and average tax rates
◦ the relationship between the government's total income-tax revenue and the average rate across all taxes
◦ that, for any tax, tax revenues reach a maximum at some tax rate below 100%
◦ that tax revenues reach a maximum when the marginal tax rate is zero
◦ the relationship between the government's sales-tax yield and the marginal tax rate
Microeconomics ¦ Ragan ¦ 17th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by madimontg on Oct 12, 2022

Spike8502

  • Full Member
  • ***
  • Posts: 140
Reply #1 on: Oct 12, 2022
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.
Answer Preview
Only 39% of students answer this correctly


madimontg

  • Member
  • Posts: 127
Reply 2 on: Oct 12, 2022
Thanks for the timely response, appreciate it

xthemafja

  • Member
  • Posts: 348
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Adult head lice are gray, about ? inch long, and often have a tiny dot on their backs. A female can lay between 50 and 150 eggs within the several weeks that she is alive. They feed on human blood.

Did you know?

More than 34,000 trademarked medication names and more than 10,000 generic medication names are in use in the United States.

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

Did you know?

If you use artificial sweeteners, such as cyclamates, your eyes may be more sensitive to light. Other factors that will make your eyes more sensitive to light include use of antibiotics, oral contraceptives, hypertension medications, diuretics, and antidiabetic medications.

Did you know?

Bacteria have been found alive in a lake buried one half mile under ice in Antarctica.

SICKLE SHAPE SICKLE SHAPE
Oxygen dissociation curve Oxygen dissociation curve
Red cells have a biconcave shape. Red cells have a biconcave shape.
A dose-response curve describes the relationship between the quantity of the chemical entering the ... A dose-response curve describes the relationship between the quantity of the chemical entering the ...
A 1000-kg car is slowly picking up speed as it goes around a horizontal unbanked curve whose ... A 1000-kg car is slowly picking up speed as it goes around a horizontal unbanked curve whose ...
The following information relates to the Cutting Department of Kittina Corporation for the ... The following information relates to the Cutting Department of Kittina Corporation for the ...
Video: Leukemia

For a complete list of videos, visit our video library