How do i find the original producer surplus the imposition, Ask an Expert

Economics

How do i find the original producer surplus? The imposition of a $1.50/unit excise tax on a competitive market raises the price buyers pay (inclusive of the tax) by $0.60/unit and reduces the volume of trade in the market from 2000 units/day to 1600 units/day. Assuming that the demand and supply curves are straight lines, the tax reduces producer surplus by how much?

View complete question

Business Economics, Economics

Category:- Business Economics
Reference No.:- M91915128

Have any Question?Write your Review or question?

Related Questions in Business Economics

Lisa and david have been married for two years they have

Lisa and David have been married for two years. They have just decided that summer of 2020 should be spent in Switzerland. They figured out that in order to meet the cost of the entire vacation they would only have to de ...

Link changes in unemployment inflation wages and gdp to one

Link changes in unemployment, inflation, wages, and GDP to one another and how they impacted each other during periods of economic decline (recessions) and periods of economic growth (expansion) over the past 10 years.

Question 1 on a certain banking machine customer arrives at

Question 1: On a certain banking machine customer arrives at an average 15 per hour. a. What is the probability that 12 customers will use the machine in the next hour? b. What is the probability that there will be fewer ...

A farmer wants to test the effectiveness of a pest control

A farmer wants to test the effectiveness of a pest control method in allowing strawberry blooms to yield marketable strawberries. In a pilot study of a random sample of 100 blooms, 77 yield marketable strawberries. What ...

A what is gdp deflator and how is it calculatedb if gdp

(a) What is GDP deflator and how is it calculated? (b) If GDP deflator for the year 2014 and 2015 are 105 and 108 respectively, then calculate the increase in price level between 2014 and 2015.

If a woman takes an early pregnancy test she will either

If a woman takes an early pregnancy test, she will either test positive, meaning that the Suppose that if a woman really is pregnant, there is a 98% chance that she will test test says she is pregnant, or test negative, ...

1 a country and an import of that country whats the reason

1. A country and an import of that country. What's the reason for that import and who are the winners? Are there any losers? 2. A country and an export of that country. b) What's the reason for that export and who are th ...

At age 30 you decide to start saving for retirement you

At age 30 you decide to start saving for retirement. You wish to retire at age 65, and you expect to need an income of $2,500 per month for 25 years. If your savings earns an interest rate of 0.64% per month, how much wi ...

Babies weighing less than 55 pounds at birth are considered

Babies weighing less than 5.5 pounds at birth are considered "low-birth-weight babies." In the United States, 7.6% of newborns are low-birth-weight babies. The following information was accumulated from samples of new bi ...

1 out-of-state tuition and fees at the top graduate schools

1. Out-of-state tuition and fees at the top graduate schools of business can be very expensive, but the starting salary and bonus paid to graduates from many of these schools can be substantial. The following data show t ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Business Economics Expert