The equilibrium quantity in the market for widgets is 250 per month when there is no tax. Then a tax of $6 per widget is imposed. As a result, the government is able to raise $750 per month in tax revenue. What is the after-tax quantity of widgets? What is the size of the deadweight loss due to the tax?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “The equilibrium quantity in the market for widgets is 250 per month when there is no tax. Then a tax of $6 per widget is imposed. As a ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Hardware Suppliers reports net income of $157,000. Included in net income is a gain on the sale of land of $16,000.
Answers (1)
Which of the following statements most accurately describes the state of banking in the U. S.? A. A small number of large and small banks. B. A large number of very large and small banks. C.
Answers (1)
In most organizations, employees pay more attention to what supervisors and managers do the what they say.
Answers (1)
Lincoln Park Co. has a bond outstanding with a coupon rate of 5.96 percent and semiannual payments. The yield to maturity is 5.3 percent and the bond matures in 19 years. What is the market price if the bond has a par value of $2,000
Answers (1)
Homeowners enjoy many benefits, including a federal tax deduction for state and local property taxes paid. Fishers, Indiana, was voted one of the top 100 best places to live in 2017 by Money magazine.
Answers (1)
New Questions in Business
All of the following are examples of facility level costs except: Select one: a. Costs of cleaning the workplace. b. Costs of custodial work. c. Costs of personnel support. d. Costs of receiving shipments. e. Costs of providing electricity.
Answers (1)
The law of supply states that a. as prices rise, so will supply and vice versa. b. as prices fall, supply will rise and vice versa. c. as prices rise, supply will fall and vice versa. d. as prices rise, supply will stabilize and vice versa.
Answers (1)
Harold and Zack have pooled their money together to buy real estate but have filed no formal papers toform a business. Harold, a lawyer, handles all the legal matters and Zack, a real estate broker, finds buyers for the property they have subdivided.
Answers (1)
On March 1, Marin sold merchandise on account to Amelia Company for $22,400, terms 2/10, net 45. On March 6, Amelia returns merchandise with a sales price of $1,200. On March 11, Marin receives payment from Amelia for the balance due.
Answers (1)
Predict weekly gross revenue (in dollars) for a week when $3,600 is spent on television advertising and $1,800 is spent on newspaper advertising. (Round your answer to the nearest cent.)
Answers (1)