Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Business Economics Expert

Suppose that the U.S. government decides to charge cola consumers a tax. Before the tax, 25,000 cases of cola were sold every week at a price of $7 per case. After the tax, 18,000 cases of cola are sold every week; consumers pay $8 per case (including the tax), and producers receive $5 per case.

The amount of the tax on a case of cola is $____________per case. Of this amount, the burden that falls on consumers is $__________per case, and the burden that falls on producers is $_________per case.

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M91298456

Have any Question?


Related Questions in Business Economics

A random sample of 15 families of four traveling in hawaii

A random sample of 15 families of four traveling in Hawaii have a mean daily cost for meals and lodging of $627 with a standard deviation of $168. Answer the following to create 90% confidence interval for the true mean ...

Benefits of abating emission mb500-20acost of abating

Benefits of abating emission: MB=500-20A Cost of abating emission: MC=200+5A What are the marginal benefit and marginal cost of abatement at socially efficient level of abatement? What is the net social benefit at the ef ...

For a population of individuals that has a standard

For a population of individuals that has a standard deviation of 10, what is the standard error of the mean for samples of size (a) 2, (b) 3, (c) 4, (d) 5, (e) 10, (f) 20, (g) 100?

You are the sales manager supervising a sales force of

You are the sales manager supervising a sales force of three in a kitchen appliance department. You are considering changing the compensation and would like to know if there is a significant difference in sales among the ...

Imposing a tariff leads to the existence of two deadweight

Imposing a tariff leads to the existence of two deadweight triangles, which are the Consumption distortion and Production distortion losses. It is easy to understand why consumption distortion constitutes a loss for soci ...

Suppose a life insurance company sells a 230000 one-year

Suppose a life insurance company sells a $230,000 ?one-year term life insurance policy to a 20?-year-old female for ?$330. The probability that the female survives the year is 0.999642. Compute and interpret the expected ...

A us electronics rm is considering moving its production to

A U.S. electronics ?rm is considering moving its production to a plant in Mexico. Its estimated production function is q = L0.5K0.5. In the U.S., the wage, w is ten dollars, and the cost of capital, r is also ten dollars ...

The increase in prescription drugs cost increases the drug

The increase in prescription drugs cost, increases the drug companies profit. Should there be restrictions to lower consumer cost and how much of their profit should be reinvested into research and development?

If all congressional representatives were elected at the

If all congressional representatives were elected at the state level rather than from particular districts, explain whether there would be more protectionism or less protectionism. Why? Explain your answer.

A recent survey found that 18 of all people 16 years of age

A recent survey found that 18% of all people 16 years of age and older do volunteer work. Suppose a random sample of 250 people 16 years of age and older is taken. What is the probability that more than 21% of the people ...

  • 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

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As