When a tax of $1.00 per gallon is imposed on sellers of gasoline, the supply curve for gasoline shifts upward, but by less than $1.00. A tax on sellers usually causes buyers to pay more for the good and sellers to receive less for the good than they did before the tax was levied.
Propone dondthe demos dkkdndi
Answer:
The production level that maximizes Silky's profit is
ties.
Explanation:
Hi
First of all, as we have
, we need to transcript it as price in function of the quantity so

Then we need to find income function that is
. After derivate it
.
The optimum level is when we have
, therefore,
, as we clear it for
we find that
, finally as we have that
is measured in hundreds of ties, the production level that maximizes Silky's profit is
ties.
First drop down box: Mission
Second drop down box: Measurement
Answer: a. 0.042 b. 0.086 c. 0.00692
Explanation:
NOTE: Convert months to years. So 24 months = 2 years.
a. Six months
Months to year conversion gives: 6months/24months as 1/4 years
= (1 + 18%)^ 1/4 — 1 x 100%
= 1.042 — 1
= 0.042
Equivalent Discount Rate = 0.042
b. One year
12months/24months as 1/2 years
= (1 + 18%)^1/2 — 1 x 100%
= 0.086
Equivalent Discount Rate = 0.086
c. 1 month
1month/24months as 1/24 years
= (1 + 18%)^1/24 — 1 x 100%
= 0.00692