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

Author Question: Suppose there is only one movie theatre in a town and the equilibrium price and quantity for movie ... (Read 89 times)

byomi

  • Full Member
  • ***
  • Posts: 130
on: Oct 12, 2022
Suppose there is only one movie theatre in a town and the equilibrium price and quantity for movie admissions is $7 and 940 visits per week. Now suppose the town government imposes a tax of $3 per movie admission, and the new equilibrium price and quantity are $8.75 and 750 visits per week. What is the weekly excess burden of this tax?
◦ $2250
◦ $1312.50
◦ $285
◦ $570
◦ There is not enough information to know.
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 byomi on Oct 12, 2022

breounasmoot

  • Full Member
  • ***
  • Posts: 178
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 50% of students answer this correctly


byomi

  • Member
  • Posts: 130
Reply 2 on: Oct 12, 2022
Wow, this really help

Kedrick2014

  • Member
  • Posts: 359
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

The most common treatment options for addiction include psychotherapy, support groups, and individual counseling.

Did you know?

On average, the stomach produces 2 L of hydrochloric acid per day.

Did you know?

The first-known contraceptive was crocodile dung, used in Egypt in 2000 BC. Condoms were also reportedly used, made of animal bladders or intestines.

Did you know?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

Did you know?

Historic treatments for rheumatoid arthritis have included gold salts, acupuncture, a diet consisting of apples or rhubarb, nutmeg, nettles, bee venom, bracelets made of copper, prayer, rest, tooth extractions, fasting, honey, vitamins, insulin, snow collected on Christmas, magnets, and electric convulsion therapy.

Hydrostatic Equilibrium Hydrostatic Equilibrium
The puppet, created for the Tbilisi Marionette Theatre, is controlled by forces hidden from public ... The puppet, created for the Tbilisi Marionette Theatre, is controlled by forces hidden from public ...
Kygo - This Town (Lyric) ft. Sasha Sloan Kygo - This Town (Lyric) ft. Sasha Sloan
Kinesthesis and Equilibrium with skating Kinesthesis and Equilibrium with skating
Mean Girls Movie Mean Girls Movie
The dissociation equilibrium constants for the protonated form of alanine (a diprotic amino ... The dissociation equilibrium constants for the protonated form of alanine (a diprotic amino ...
Video: Medullary osmotic gradient: countercurrent multiplier, urea recycling & vasa recta countercurrent exchange

For a complete list of videos, visit our video library