Question: A tax is imposed on a certain good, and it produces revenue of $5,000 for the government. The tax reduces consumer surplus by $3,000 and reduces producer surplus by $4,000. What is the amount of the deadweight loss of the tax?

Q: 5. Decision reversal during sensitivity analysis A requires only a single parameter to be modified.…

A: Answer is given below

Q: CHOICES: a. Both statements are TRUE b. 1st statement is TRUE, 2nd is FALSE c. Both statements are…

A: Income inequality:- Income disparity refers to how income are allocated unequally across a society.…

Q: What is a marginal change?   Question 5 options:   a long-term trend   a large, significant…

A: In the mentioned question we have been asked what is marginal change.

Q: Changes in the general economy, like changes in interest rates or tax laws, represent what type of…

A: There are a number of economic instruments to pick from whilst making an investment withinside the…

Q: The picture below depicts the market demand and average variable cost curve for a monopolist. Which…

A: A monopoly is a type of market structure.

Q: refer to the following table: Consumption expenditure (C)= 100+ 0.8 Yd Investment expenditure (1) =…

A: Answer: Given, C=100+0.8YdI=120-500iG=50 G rises by 100, Thus new G will be:G=150Taxes=0.1YMoney…

Q: Suppose that a recession overseas causes foreigners to buy fewer goods from our country . Using IS -…

A: The IS full form is Investment and Savings. The LM full form is Liquidity and Money. On the vertical…

Q: Buyer Willingness to Pay David $8.00 Laura $7.00 Ty $5.50 Mallory $4.00 Audrey $3.50 In the above…

A: Demand refers to the willingness to buy, of a consumer or consumers of a good or service at the…

Q: Through utilizing fiscal policy, i.e. varying and/or governments achieve goals for output and…

A: The measure that depicts an increase in the production of services and goods during a given time…

Q: The minimum wage is often offered as a possible way to address the income gap. There is, however, a…

A: Minimum wage is the lowest wage below which an employee cannot hire workers.

Q: Monetary policy and fiscal policy often change at the same time. Suppose that the government wants…

A: IS-LM determines the equilibrium output and interest rate in the economy

Q: 1. Over the past 40 years interest rates in the developed world have fallen to very low levels. One…

A: The aggregate demand curve shows the inverse relationship between the price level and the total…

Q: part B a. i. What is the equilibrium price of protective masks before trade? ii. What is the…

A: Hi! Thank you for the question. As per the honor code, We’ll answer the first question since the…

Q: How does New Belgium’s focus on sustainability as a core value contribute to its corporate culture…

A: Introduction New Belgium is a brewery that focuses on sustainability in the socio-cultural,…

Q: Question 3 Determine if the following statement is true or false and explain your answer. "Arrow's…

A: Arrow's impossibility theorem is a social choice paradox that shows that having an optimal voting…

Q: . Both statements are TRUE b. 1st statement is TRUE, 2nd is FALSE c. Both statements are FALSE d.…

A: The Sustainable Development Goals are a framework for a better, more sustainable future for…

Q: High quality information gruarantees that every decisions made will be a successful one that…

A: High-quality information refers to information that is: Accurate Complete Unique Consistent These…

Q: 4-52 1. (4-53) Assume a 10% interest rate and find S, T, and x. (Answer: S = $218.90; T = $54.30; x…

A: i=10%

Q: Question 53: Given that a duopoly's inverse market demand curve is P = 120-Q which is shared by two…

A: Hi! Thank you for the question, As per the honor code, we are allowed to answer three sub-parts at a…

Q: What is the related diversification strategy

A: The inspiration driving Tesla's diversification strategy is to situate themselves in key bottleneck…

Q: part D E F needed  Consider Points A, B, C, D, E, F and G. a. Which points are inefficient?…

A: d) In the given picture, the shape of the PPF curve is concave which implies the diminishing…

Q: Multiple choice question In a small economy the difference between saving and investment…

A: An open economy is such an economy in which the equilibrium interest rate is the world interest…

Q: If the marginal product of capital is lower than the cost of capital, then a. the value of q is…

A: The increase in total production when there is an additional labor unit being added and all other…

Q: In The Wealth of Nations (1776), what does Adam Smith identify as the primary driver of the success…

A: "An Inquiry into the Nature and Causes of the Wealth of Nations," also known as "The Wealth of…

Q: Consider the following graph of the average and marginal cost functions for a firm in a perfectly…

A: The structure of a market where there are a large number of buyers and sellers selling homogenous…

Q: Price P₁ B O S D Quantity What area represents Producer Surplus when the price is P₁? Oc A B

A: Since , we know that producer surplus is the difference between the price a which a producer is…

Q: Aircraft (capital intensive) 22. Considering Figure, which of the following would be true? A. China…

A: 22. The answer is - C. The US is relatively capital abundant and China is relatively labor abundant.

Q: hat is unemployment? How to measure unemployment?How can the adult population be classified? What…

A: Unemployment occurs when a person who is actively seeking employment is unable to find work.…

Q: An option's cost (premium) before expiration reflects:      A.  The Expected  Value of any dice…

A: Investors and traders new to the options markets often prefer to buy call and put options due to…

Q: Assume that a country is endowed with 5 units of oil reserve. There is no oil substitute available.…

A: Given,  P=7-0.40qMarginal Cost :$4Discount Rate : 1%

Q: Suppose that national income has fallen from its natural level (Y.) to a lower level at which there…

A: Cyclical unemployment is the portion of overall unemployment that arises directly from economic ups…

Q: Leopard golf clubs usually sell for $1300. At this price, the retailer can sell on average 20 sets…

A: Revenue optimization is a mixture of demand, pricing, and marketing strategies utilized to maximize…

Q: part 9 10 11 a. i. What is the equilibrium price of protective masks before trade? ii. What is the…

A: Answer: (9). According to the above figure, the total surplus before the trade is shown by the…

Q: What information would be required to compute the risk-asset ratio under Basle I?

A: Basel I is the first of three sets of international banking regulations established by the Basel…

Q: r of rare antique books wants to sell a book from her collection on eBay. Disc ving decisions,…

A: A) The beginning cost of the auction ought to be set at the most minimal conceivable value that the…

Q: Suppose that in a closed economy in which l = Y with Y,=5000,C=500+0.5(Y* T) and T-1000 the…

A: The Medium Run is a 12-year period during which the capital stock gradually adapts to bring the…

Q: Consider the following hypothetical scenario: London introduced a mandatory living wage in 2016, but…

A: Answer -    Mandatory Living wage :- It is the minimum wage that a firm need to pay it's workers to…

Q: Say, for an economy, MPC = 0.75. The taxation multiple Select one: Ob. -3 Oc.-2.5 8.d. -0.25

A: The tax multiplier is a measurement of how much the Gross Domestic Product (GDP) changes in response…

Q: 28-Which of the following is the best example of a natural monopoly? A) owning the only licensed…

A: A natural monopoly is a monopoly in which the main producer in an industry, generally the first…

Q: An economy has a population of 226,500. Of them, 12,500 are unemployed and actively seeking work,…

A: Here, given information is, Total population: 226,500 Unemployed but looking for job: 12,500…

Q: Benefits Dis-benefits To the people P 15 Million now and P1.5 Million per year for ten years P 1…

A: BCR is calculated by dividing the proposed total cash benefit of a project by the proposed total…

Q: What is the difference between a monopolistically competitive industry and a monopoly? Multiple…

A: In monopolistically competitive market, there are large number of firms and in monopoly there is a…

Q: Taco King produces tacos The market for tacos is perfectly compettive, and the price is $3.50 a…

A: "Marginal product of variable input is how much extra units of a product is produced when more of…

Q: D3) Finance a) What does import value mean? b) if the Import value is at 3000$ USD in 2017 what does…

A: Import  Import stands for buying goods from outside the domestic country. Imports from various…

Q: If an asset has a first cost of P50,000 with a P10,000 estimated salvage value after 5 years,…

A: The correct answer is given in the second step.

Q: Compute Nominal and Real GDP in each year and find percentage changes in the GDP. (Use 2001 as base…

A: Nominal GDP is the value of final goods and services produced in the economy within a given period…

Q: Please select ONE of the following questions as your discussion topic and respond with a paragraph…

A: The Federal Reserve System is in charge of central banking in the United States of America (often…

Q: 1. Consider the following picture showing a market in which there is a positive externality: PMC=S…

A: Dear student, you have asked multiple questions in a single post. In such a case, I will be…

Q: What would we expect the effect of the following events to be in the market for lumber, everything…

A: The demand curve shows the association between the amounts of commodity demanded by the consumer at…

Q: In a small open economy, is a negative supply shock or a negative demand shock more damaging for…

A: Negative supply shocks result in a reduction in aggregate supply.It causes a left shift in the…