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

Author Question: Effect of TaxationThe graph shows the market for cigarettes. Assume that P1=$9.00, P2=$9.45, ... (Read 401 times)

Darron12

  • Full Member
  • ***
  • Posts: 158
on: Nov 23, 2022
Effect of Taxation

The graph shows the market for cigarettes.
 

Assume that P1=$9.00, P2=$9.45, P3=$9.75, Q1=240, and Q2=260. Because smoking creates a negative externality, the government has decided to tax the purchase of cigarettes by $0.75. With this tax, ________ cigarettes are sold at a price of ________. The government earns ________ in tax revenue. Consumers pay ________ percent of the tax. Please round your answer to two decimal places.
◦ 240, $9.75, $2340.00, -39.00
◦ 260, $0.05, $2457.00, -39.00
◦ 260, $0.05, $195.00, 40.00
◦ 240, $9.75, $180.00, 40.00
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by Darron12 on Nov 23, 2022

zubair1583

  • Full Member
  • ***
  • Posts: 175
Reply #1 on: Nov 23, 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 42% of students answer this correctly


Darron12

  • Member
  • Posts: 158
Reply 2 on: Nov 23, 2022
Excellent

jomama

  • Member
  • Posts: 346
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Everyone has one nostril that is larger than the other.

Did you know?

Never take aspirin without food because it is likely to irritate your stomach. Never give aspirin to children under age 12. Overdoses of aspirin have the potential to cause deafness.

Did you know?

There are more nerve cells in one human brain than there are stars in the Milky Way.

Did you know?

It is believed that humans initially contracted crabs from gorillas about 3 million years ago from either sleeping in gorilla nests or eating the apes.

Did you know?

Many supplement containers do not even contain what their labels say. There are many documented reports of products containing much less, or more, that what is listed on their labels. They may also contain undisclosed prescription drugs and even contaminants.

Effect of BPG on oxygen binding to hemoglobin. The BPG concentration Effect of BPG on oxygen binding to hemoglobin. The BPG concentration
Women who are monozygotic twins and have the same genes are more similar in their marital happiness Women who are monozygotic twins and have the same genes are more similar in their marital happiness
This map shows the percentage of Protestants by state in Germany. When compared to the previous map This map shows the percentage of Protestants by state in Germany. When compared to the previous map
The effect of thermal expansion The effect of thermal expansion
Sketch a graph of the function h(x), by hand on the following interval: Sketch a graph of the function h(x), by hand on the following interval:
A karyotype shows this child has three copies of chromosome 21. A karyotype shows this child has three copies of chromosome 21.
Video: Kidney Stones

For a complete list of videos, visit our video library