If taxes reduce consumer and producer surplus as well as create a deadweight loss, do we need them? Explain why or why not.

Answers

Answer 1

Answer:

Tax revenue is the dollar amount of tax collected. For an excise (or, per unit) tax, this is quantity sold multiplied by the value of the per unit tax. Tax revenue is counted as part of total surplus.  Because the tax alters the quantity that is sold in the market, it will result in a deadweight loss.The effect of the tax on the supply-demand equilibrium is to shift the quantity toward a point where the before-tax demand minus the before-tax supply is the amount of the tax. A tax increases the price a buyer pays by less than the tax. A tax causes consumer surplus and producer surplus (profit) to fall.

Explanation:


Related Questions

For a population with a mean of μ=45 and a standard deviation of σ=10,

Answers

Question:

For a population with a mean of μ=45 and a standard deviation of σ=10. What is the corresponding z score if it has a score of X = 44?

Answer:

[tex]z = -0.10[/tex]

Explanation:

Given

[tex]\mu = 45[/tex]

[tex]\sigma = 10[/tex]

[tex]x = 44[/tex]

Required

Calculate the z score

This is calculated as:

[tex]z = \frac{x - \mu}{\sigma}[/tex]

So:

[tex]z = \frac{44 - 45}{10}[/tex]

[tex]z = \frac{-1}{10}[/tex]

[tex]z = -0.10[/tex]

Describe the sounds, smells, and sights you associate with spring. Write a paragraph with at least 4 sentences.

Answers

Smell: Spring brings soothing scents like lilacs, apple blossoms, hyacinth and daffodils. Sweet aromas turn a stroll through the garden into a delicacy for the nose Springtime means that the trees and flowers come back to life again. After a dead winter, this is a time when we get to see the beautiful flowers blossom again Spring also brings new sounds, like bird songs at dawn, frog croaks by ponds, and dripping icicles. When the weather warms, the sounds you hear in national parks reflect this seasonal change (use this but not in this order fix it up a bit)


If Erica walks 4 miles in 60 minutes, then Erica will walk how far in 100 minutes if she walks at the
same speed the whole time? If necessary, round your answer to the nearest tenth of a mile.

Answers

Divide 60/4 = 15
100/15 = 6.666 which rounds to 6.67 or that rounds to 6.7

PLEASE HELP!!! Which sequence of transformations results in figures that are similar but not congruent

A. 90 degrees clockwise rotation, translation 5 units to the left

B. Reflection over the X axis, dilation with a a scale factor of 1/2

C. Translation 3 units down, reflection over the y axis

D. Reflection over the x-axis, translation 7 units to the left

Answers

B. Reflection over the x axis, dilation with a scale factor of 1/2

When you get a question like this, choose the option that includes “dilation.” Dilation changes the size of the shape while keeping similarity.

It has been demonstrated that students with high self-esteem tend to have higher grades than students with low self-esteem. Does this relationship mean that higher self-esteem causes better academic performance? Does it mean that better academic performance causes higher self-esteem? Explain your answer, and identify the general problem that can preclude a cause and-effect explanation

Answers

Answer:

yes

Explanation:

because when you pass you tend to believe in your self more and not be afraid to try new problems .

Suppose y is inversely proportional to x. If y = –8 when x = –2, find y when x = 32

Answers

Answer: 1/2

Explanation:

When y is inversely proportional to x. This implies that:

y = k/x

If y = –8 when x = –2, then the constant of proportionality will be;

y = k/x

-8 = k/-2

k = (-8 × -2)

k = 16

when x = 32, the value of y will be:

y = k/x

y = 16/32

y = 1/2

This histogram shows the distribution of exam scores for a class of 33 students. which of the following is the most reasonable estimate for the median 50, 75, or 85?​

Answers

Answer:

[tex]Median = 75[/tex]

Explanation:

Given

[tex]n = 33[/tex]

See attachment for histogram

Required

Determine the median

Median is calculated as:

[tex]Median = \frac{n+1}{2}th[/tex]

[tex]Median = \frac{33+1}{2}th[/tex]

[tex]Median = \frac{34}{2}th[/tex]

[tex]Median = 17th[/tex]

From the histogram, the 17th entry fall in the class: 70 - 80

In this case: the median is the average of 70 and 80

So:

[tex]Median = \frac{1}{2}(70 + 80)[/tex]

[tex]Median = \frac{1}{2}(150)[/tex]

[tex]Median = 75[/tex]

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