the verhcal dslama betwe evw paints A and Cupusints a tax m Ku mankeT.lo0ok900-800A700600t500400300+200 +10040100 1101020What will the total loo0 to Heie broducersas a ruulttaxes?a) 4000b/500o) Go0d) 90e) 12000600018000

The producer surplus before tax can be calculated as follows:

Answered: the verhcal dslama betwe evw paints A…

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter18: Public Economy

Section: Chapter Questions

Problem 22CTQ: Is pork-barrel spending always a bad thing? Can you think of some examples of pork-barrel projects,...

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Similar questions

Say that the government is considering a ban on smoking in restaurants in Tobaccoville. There are 1 million people living there, and each would benefit by 200 from this smoking ban. However, there are two large tobacco companies in Tobaccoville and the ban would cost them $5 million each. What are the proposed policys total costs and benefits? Do you think it will pass?
Is pork-barrel spending always a bad thing? Can you think of some examples of pork-barrel projects, perhaps from your own district, that have had positive results?
How does a government agency raise revenue differently from a private company, and how does that affect the way government makes decisions compared to business decisions?
Explain why the federal government funds national defense.
How can a small special interest group win in a situation of majority voting when the benefits it seeks flow only to a small group?
Federal excise taxes on gasoline vary widely across the developed world. The United States has the lowest taxes at USD $0.40 per gallon (or Â£0.07 per liter), Canada has taxes of $0.60 per gallon, Japan and much of Europe is $2.00 per gallon, while Britain has the highest tax at $2.83 a gallon or Â£0.5 per liter. If gasoline taxes are intended to reduce the time losses from road congestion in urban environments and gasoline pre-tax costs about Â£0.40 per liter, why might the optimal tax in Canada be 50 percent higher than in the United States? What would be an explanation for why adjacent countries would have such different estimates of the price elasticity of demand for auto driving?16
Based on the theory of rational ignorance, what should we expect to happen to voter turnout as the internet makes information easier to obtain?
Why does a voting cycle make it impossible to decide on a majority-approved choice?
The social security tax is 6.2 on employees income earned below 113,000. Is this tax progressive, regressive or proportional?
Suppose you are a typical person in the U.S. economy. You pay 4 percent of yourincome in a state income tax and 15.3 percent of your labor earnings in federal payrolltaxes (employer and employee shares combined). You also pay federal income taxes asin Table 2. How much tax of each type do you pay if you earn $30,000 a year? Taking alltaxes into account, what are your average and marginal tax rates? What happens toyour tax bill and to your average and marginal tax rates if your income rises to$60,000?
what is market f suppose that if your income is 10000 your tax is 1000 but if your income is 50000 your tax is 4000 such a tax is ANSWR IN DETAIL

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the verhcal dslama betwe evw paints A and C upusints a tax m Ku mankeT. lo0ok 900- 800 A 700 600t 500 400 300+ 200 + 100 40 100 110 10 20 What will the total loo0 to Heie broducers as a ruult taxes? a) 4000 b/500 o) Go0 d) 90 e) 12000 6000 18000