All categories

2 years ago

If taxes reduce consumer and producer surplus as well as create a deadweight loss, do we need them? Explain why or why not.

SAT

1 answer:

juin [17]2 years ago

4 0

Answer:

Tax revenue is the dollar amount of tax collected. For an excise (or, per unit) tax, this is quantity sold multiplied by the value of the per unit tax. Tax revenue is counted as part of total surplus. Because the tax alters the quantity that is sold in the market, it will result in a deadweight loss.The effect of the tax on the supply-demand equilibrium is to shift the quantity toward a point where the before-tax demand minus the before-tax supply is the amount of the tax. A tax increases the price a buyer pays by less than the tax. A tax causes consumer surplus and producer surplus (profit) to fall.

Explanation:

You might be interested in

An enzyme speeds up a chemical reaction in the cell but can only be used once.

elena-14-01-66 [18.8K]

Answer:

An enzyme speeds up a chemical reaction in the cell, but it can only be used once.

Explanation:

6 0

2 years ago

Steve Harvey's daughter; Lori, was caught shooting birds at the time Square in New York. The cops asked how many birds she had i

lyudmila [28]

Answer:

9 birds

Explanation:

f is finches, h is herons, w is warblers, t is total

f+h+w=t

All but 6 means subtracted from the total

f=t-6

h=t-6

w=t-6

Adding the three equations gets 3t-18 and plug that back in and isolate

t=3t-18

t= 9

6 0

2 years ago

A chemist places a 100 g cube of each of the metals listed in the table on a separate hot plate. Based on the specific heat valu

Volgvan

The ranking of the metals in terms of how quickly they reach the target temperature are; Pb: 1, Sn: 2, Cu: 3, Fe: 4, Al: 5

Solving Specific Heat Capacity

The formula for quantity of heat from specific heat capacity is;

Q = m * C_s * ΔT

where;

Q is specific heat energy

C_s is specific heat capacity

ΔT is change in temperature

m is mass

Thus, the lower the specific heat or quantity of heat energy, the faster the change in temperature

Making ΔT the subject of the formula gives;

ΔT = Q / ( m * Cs)

We are told that the heat (Q) and mass (m = 100 g) are equal for the five samples. Thus, we have;

ΔT = [Q/m]/C_s

Since Q/m is constant for all the 5 samples, inputting the specific heat capacities means that the higher the specific heat capacity the slower the change in temperature but the lower the specific heat capacity, the quicker the change in temperature.

Solving online means that the fastest to slowest are;

Pb: 1, Sn: 2, Cu: 3, Fe: 4, Al: 5

Read more about Specific Heat energy at; brainly.com/question/13439286

4 0

2 years ago

On a biased dice the probability of getting a 1 is 0.3

gogolik [260]

Answer:

I think it is 45

n = number of rolls = 150

p = probability of rolling a “1” = 0.3

n*p = expected number of “1”s that show up out of the 150 rolls

n*p = 150*0.3

n*p = 45

Explanation:

hope this helps if not let me know

4 0

2 years ago

A good rule of thumb is to design the horizontal stabilizer so that its area is about 1/6 to 1/8 of the area of the wing. If the

mars1129 [50]

Answer:

Answer:

Stabilizer with area = 14 cm².

Step-by-step explanation:

Area of the wing = 101.25 cm²

Rule of the thumb is that area of stabilizer must be about 1/6 to 1/8 of the area of wing. So, first we calculate 1/6 of the area of the wing and 1/8 of the area of the wing. Area of stabilizer must be in between these two numbers.

1/6 of the area of wing = \frac{1}{6} \times 101.25 = 16.87561×101.25=16.875

1/8 of the area of wing = \frac{1}{8} \times 101.25 = 12.65681×101.25=12.656

This means, the area of horizontal stabilizer must be in between 12.656 cm² and 16.875 cm². From the given options only one option lies in between these two numbers and that is 14 cm²

Therefore, area of a good stabilizer design from the given options would be 14 cm²

7 0

3 years ago

Read 2 more answers