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

Author Question: The total welfare associated with a market that includes a government sales tax equals A) ... (Read 86 times)

kodithompson

  • Hero Member
  • *****
  • Posts: 566
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
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

vboyd24

  • Sr. Member
  • ****
  • Posts: 341
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.
Answer Preview
Only 29% of students answer this correctly


kodithompson

  • Hero Member
  • *****
  • Posts: 566
Reply #2 on: Jul 1, 2018
Correct answers!


vboyd24

  • Sr. Member
  • ****
  • Posts: 341
Reply #3 on: Jul 1, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

Did you know?

By definition, when a medication is administered intravenously, its bioavailability is 100%.

Did you know?

Since 1988, the CDC has reported a 99% reduction in bacterial meningitis caused by Haemophilus influenzae, due to the introduction of the vaccine against it.

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

Did you know?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

Sphygmomanometry. Photograph of a physician taking blood pressure readings with the use of a sphygmo Sphygmomanometry. Photograph of a physician taking blood pressure readings with the use of a sphygmo
An example of a Hertzsprung–Russell diagram for a set of stars that includes the Sun An example of a Hertzsprung–Russell diagram for a set of stars that includes the Sun
All of the homes in this new neighborhood of Brentwood, California, are for sale, evidence of the co All of the homes in this new neighborhood of Brentwood, California, are for sale, evidence of the co
Types of ecosystem service vs. total global value per year Types of ecosystem service vs. total global value per year
Total Solid Waste, MSW per Capita Total Solid Waste, MSW per Capita
Last year, Terrific Copying had total revenue of $475 000, while operating at 60% of capacity. ... Last year, Terrific Copying had total revenue of $475 000, while operating at 60% of capacity. ...
Video: Cardiac conductile cells

For a complete list of videos, visit our video library