Supply of construction workers in a small town is given by Qs = 4W - 20, and demand for construction workers is given by Qd = 100- 2W, where Q is the number of workers and W is the hourly wage. The town govemment imposes a tax of $1 per hour per construction worker. What percentage of the tax will construction workers end up paying? O A. 33% O B. 50% O C. 75% O D. 60% The market for apples in the Okanagan Valley operates as a competve ma Spencer and Gabriella each purchase 4 boxes of apples. If Spencer's demand is muh more elastic than Gabriella's. Which statement is true? OA Spencer receives no consumer surplus. O B. Spencer's consumer surplus exceeds Gabrie OC. Gabriella's consumer surplus equals Spencers O D. Gabriella's consumer surplus exceeds Spencer's.

Supply of construction workers in a small town is given by Qs = 4W - 20, and demand for construction workers is given by Qd = 100- 2W, where Q is the number of workers and W is the hourly wage. The town govemment imposes a tax of $1 per hour per construction worker. What percentage of the tax will construction workers end up paying? O A. 33% O B. 50% O C. 75% O D. 60% The market for apples in the Okanagan Valley operates as a competve ma Spencer and Gabriella each purchase 4 boxes of apples. If Spencer's demand is muh more elastic than Gabriella's. Which statement is true? OA Spencer receives no consumer surplus. O B. Spencer's consumer surplus exceeds Gabrie OC. Gabriella's consumer surplus equals Spencers O D. Gabriella's consumer surplus exceeds Spencer's.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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