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All else equal, a price reduction will have a bigger impact on the revenue of industries that have ?
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- What are the reasons why a company transposes its national market and goes out to the international market?If a per unit tax of $6 were to reduce quantity of this product traded to only 10 units, what would be the efficiency cost to the economy?couldn't legalizing marijuana generate significant revenue? to the US economy
- The market for N-95 masks is perfectly competitive. Market Demand is given by Q-321-2P and Market Supply is given by Q=4P. The government imposes a per-unit tax of $13. What is the absolute value of the deadweight loss due to the tax? Enter a number only, drop the $ sign. Note: you don't need to know who pays the tax to answer this question.A company manufactures and sells x television sets per month. The monthly cost and price-demand equations are C(x)=75,000+60x and p(x)=300−x/30, 0≤x≤9000. , 0≤x≤9000 (A) Find the maximum revenue. (B) Find the maximum profit, the production level that will realize the maximum profit, and the price the company should charge for each television set. (C) If the government decides to tax the company $4 for each set it produces, how many sets should the company manufacture each month to maximize its profit? What is the maximum profit? What should the company charge for each set?In a competitive market in which P = 100 − 2Q is the inverse demand for fuel and P = 10 + Q is the inverse supply of fuel. Calculations are preferred, but you may use a graph for partial Without a tax, what is the market-clearing price and output, P and Q? What is the consumer surplus and producer surplus (with no tax) If a tax on fuel is set at $15, how much fuel will be purchased? You can assume that the buyers pay the tax (but it doesn’t matter). What is the deadweight loss of the tax? Thanks!
- Can you help with parts c,d, and e please? The estimated daily demand for river corssings on a proposed new bridge is: Qd = 100,000 - 20,000P where Qd is the quantity demanded measured in number of daily crossings and P is the price(toll) per crossing in dollars. Engineers estimate that constructing the new bridge will result in a fixed cost of $1.2 billion or $120,000 per day over the life of the bridge. Once constructed, there are no marginal costs and variable costs associated with the bridge's use. Based upon the above information, answer the following questions: a. If a private company were to build the bridge, what would be the profit-maximizing number of daily crossings? b. What price per crossing(toll) would the profit-maximizing company establish? c. What would be the socially optimal number of daily crossings? d. What deadweight loss would exist given your answers to part (a) and (b)? e. Would a profit-maximizing company build the bridge?As you can read from the image, corporate tax seems to be bad for car companies but because owners invest in other industries it is relatively good for other industries. Doesn't that cancel out the bad effect corporate tax may have on the car industry?More and more schools are requiring students to wear uniforms. This means that more uniforms must be produced. Describe how the demand, supply, and market-clearing price are likely to ensure production of school uniforms.
- CS 7 Economics Consider product X with industry supply given by p = 4 + 2q, and industry demand given by p = 20 - 2q. If the government sets a cap on production in this industry of 2, what is the deadweight loss?How can GM maintain control of its production in the China market?In 2008 a car manufacturer sold 10,000 units of its leading model at N10,000. After deducting operating costs, dealers’ costs and all other variable cost this produced a surplus of N4,000 on each unit sold. Due to the recession, sales slump in early 2009 and the marketing director advises a price cut of N2000, arguing that this makes sense because the Own Price Elasticity of demand is –1.5. Calculate the amount of surplus that would be generated by the manufacturer in 2009 if the marketing director is correct and her recommendation is accepted.