No, the price paid by the consumers for the quantity of jet planes will not increase by the same amount as the tax
(a) A correctly labelled graph for demand and supply for jet planes is attached
(b) The solution to the whole of the questions given here is mentioned in the graph attached
(c) Calculating the producer surplus:
Producer surplus = Total Revenue ( TR ) - Total cost ( TC )
Where Total Cost = Cost Average ( AC) * quantity,q
TR = $2000 * 50 = $100,000
TC = $1000 * 50 = $50,000
Product surplus = $10,000 - $50,000 = $50,000
(d) No, the price paid by the consumers for the quantity of jet planes will not increase by the same amount as the tax
(e) In the market for jet planes, the loss in consumer and producer supply will balance than the tax revenue collected by the government as tax
<h3>What is demand and supply?</h3>
Demand simply refers to the quantity of consumers who are willing and able to buy particular products at various prices during a given period of time.
However, supply on the other hand, is a fundamental economic concept which describes the total amount of a specific goods or services that is available to consumers.
So therefore, in the market for jet planes, the loss in consumer and producer supply will balance than the tax revenue collected by the government as tax
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The Cold War was fought after WWII from 1945 - 1991 between the US and democratic nations and the USSR and the Communist nations. They fought many 'proxy wars' such as, for example, but not limited to:
- Korean War
- Cuban missile crisis
The Cold War was named the way it is, because the two sides didn't fight head on head (as stated above). Instead, they supplied groups they are allied with, with volunteers, weapons & technology, as well as economic boosts. The Cold War saw the advancement of technology in many regions, including missiles, space technology, and other military technology.
Towards the end of the Cold War, the USSR had internal troubles, including satellite nations that wanted more freedom and democracy, as well as problems with the economy. Soon, the then-USSR leader, Mikhail Gorbachev, allowed <em>Glasnot</em>, or opennes, which ended the USSR's rule in 1991. He led the domestic reform and nuclear disarmament to help end the cold war, but because of internal factors, helped brake apart the USSR and lead to the downfall of communism in Europe.
However, Communism still continued in other nations, such as Cuba, Vietnam, & North Korea, but soon gave way to either a totalitarian state, or glasnot as well, as they either accepted US intervention and trade agreements (such as Vietnam) , or closed off even more (such as North Korea).
Even though people living during the Cold War had to live in fear, the Cold War helped bring the world more together, to give the world was able to draw closer together. The Cold War also spurred technological development (however mostly in the military), and helped create many organizations that helped countries around the world (such as the Peace Corps) and to further explore the world we live in as well as the surroundings (NASA). It also saw the creation of military alliances (NATO) as well as trading organizations, such as the World Trade Organization (WTO) and the North American Free Trade Organization (NATO) (in which the WTO is the whole world, while NATO was only Canada, USA, and Mexico).
hope this helps
Answer:
lifted large numbers of poor people out of poverty
helped many nonpoor people avoid the poverty
hunger they would have experienced had the Green Revolution not occurred.
Explanation:
Answer:
Gas and liquid material.
Explanation:
The sun is not a solid mass. It does not have easily identifiable boundaries like rocky planets like Earth. Instead, the sun is composed of layers made up almost entirely of hydrogen and helium.
Answer: It needs to be (x-6)
Explanation:
