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Author Question: What information is conveyed by the shape of the Laffer curve? (Read 55 times)

madimontg

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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
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Marked as best answer by madimontg on Oct 12, 2022

Spike8502

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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.
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madimontg

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Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review

daiying98

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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