The y intercepts for D, and S are 6, and 2 respectively.What is the consumer surplus and produce surplus after the taxation.
Group of answer choices
2,1
1,1
1,2
2,2
Homework Answers
Answer is A. 2,1
Consumer surplus = 1/2 × (5-3)× 2 = 1/2 × 2×2 = 4/2 = 2
Producer surplus = 1/2 (3-2)× 2 = 1/2 × 1× 2 = 2/2 = 1.
Consumer surplus is the area below the demand curve and above the price line. Producer surplus is the area above the supply curve and below the price line.
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The y intercepts for D, and S are 6, and 2 respectively.What is
the consumer surplus...
The y intercepts for D, and S are 6, and 2 respectively.Is there a tax on...
The y intercepts for D, and S are 6, and 2 respectively.Is there
a tax on consumption or production? What is the price that
consumers pay after taxation?
Group of answer choices
Production, 4.5
Consumption, 4.5
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Production, 5
P s D-T D
The y intercepts for D, and S are 6, and 2 respectively. What is the government...
The y intercepts for D, and S are 6, and 2 respectively.
What is the government revenue, and tax burden on consumers?
Group of answer choices
8,1
4,2
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Given z = 2(x,y),X = x(s,t),y = y(s,t), and zx(-1,1)= 3, zy(-1,1)= 2, xs(-1,1)= -1, x,(-1,1)= 3, ys(-1,1)= 1, z (1,2)=5, z (1,2)=3, x(1,2)= -1, y(1,2)= 1, y,(-1,1)= 4, xs(1,2)=3, xx(1,2)= -2, x(-1,1)= 1, y(- 1,1)=2, 7(1,2)=7, vs(1,2)=2, a. compute ( cas ? )ats = 1,t =2, b. if we plot the surface Z as a function of 5 and t, then at the point (1,2) in the st-plane, how fast is Z changing in the direction (-1,1) in the...
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8. Calculate the total consumer surplus after a quota of 4 units is implemented? A. 0...
8. Calculate the total consumer surplus
after a quota of 4 units is implemented? A. 0 units B. 8 units C. 4
units D. 4.5 units
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The y intercepts for D, and S are 6, and 2 respectively.Is there
a tax on consumption or production? What is the price that
consumers pay after taxation?
Group of answer choices
Production, 4.5
Consumption, 4.5
Consumption, 5
Production, 5
P s D-T D
The y intercepts for D, and S are 6, and 2 respectively.
What is the government revenue, and tax burden on consumers?
Group of answer choices
8,1
4,2
8,2
4, 1
A P S 5 4 3 D-T D
Given z = 2(x,y),X = x(s,t),y = y(s,t), and zx(-1,1)= 3, zy(-1,1)= 2, xs(-1,1)= -1, x,(-1,1)= 3, ys(-1,1)= 1, z (1,2)=5, z (1,2)=3, x(1,2)= -1, y(1,2)= 1, y,(-1,1)= 4, xs(1,2)=3, xx(1,2)= -2, x(-1,1)= 1, y(- 1,1)=2, 7(1,2)=7, vs(1,2)=2, a. compute ( cas ? )ats = 1,t =2, b. if we plot the surface Z as a function of 5 and t, then at the point (1,2) in the st-plane, how fast is Z changing in the direction (-1,1) in the...
6. Suppose prices are given by pı 2 and p2 -4. Which of the following consumption patterns are consistent with the assumption that the consumer chooses the consumption bundle that he prefers the most among those affordable if his preferences are non-satiated ("more-is-better") and strictly convex? (a) If m 10, he consumes (2,1). If m 14, he consumes (3,2) (b) If m = 12, he consumes (c) If m 12, he consumes (2,2) (d) If m 10, he consumes (1,2)....
2. Refer to figure 1. How much is the consumer surplus? Figure 2 P (in S) 10 CS- ? 10 3. Refer to figure 1. How much is the producer's surplus? 4. Refer to figure 1. Is market efficient or inefficient? Explain why?
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8. Calculate the total consumer surplus
after a quota of 4 units is implemented? A. 0 units B. 8 units C. 4
units D. 4.5 units
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5 6 8 The graph of a function is given below. Give all y-intercepts and x-intercepts shown If there is more than one answer, separate them with commas. Click on "None" if applicable y intercept(s): x -intercept(s): I ..None
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