Suppose that a city government introduces a $0.50 excise(commodity) tax on consumers of bottles of soda to improvethe health of its citizens. Manipulate the accompanyinggraph to demonstrate the impact of the tax on the market forsodaWhat would be the new equilibrium quantity if instead oftaxing consumers, the city taxed producers?20thousand bottlesPrice (S/bottle)5.04.54.03.53.02.52.01.51.0Market for Bottles of SodaD0.50.001234 5 6 78910Quantity (thousands of bottles)e

Step 1: An excise tax is a type of tax that is typically levied on specific goods, rather than on…

Answered: Suppose that a city government…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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Refer to the graph below. If a price floor of $125 was imposed in this market, which of the following is most likely to happen? Price (dollars per printer) $125 $100 $75 Supply Demand 17.5 18.5 19.5 20.5 21.5 Quantity (millions of printers per month) OA. A quota of 21.5 million printers would be instituted, to prevent overproduction. OB. The government could set a quota of 21.5 million printers, to prevent underproduction. OC. A quota of 19.5 million printers would be instituted, to prevent overproduction. OD.A quota of 18.5 million printers would be instituted, to prevent overproduction.
In May, about 451 thousand existing homes were sold in the U.S., and sales were decreasingby 3.4% per month.(a) Create a model for this situation. (Recall that you should define the independent anddependent variables and their units, as well as provide an equation.)(b) If this trend continues, how many existing homes will be sold in the U.S. in October?(Round to the nearest thousand homes.)
If the market price of a product is above the equilibrium price, the quantity supplied is _____ the quantity demanded. equal to Market price and quantity supply are not related. greater than less than
Please please solve all parts of the question. Thank you so much.
Describe the results of your two graphs as they compare to the movement of demand. Be specific. Choosing between the three-period and the five-period forecasts, which length of averaging would you use as a purchasing manager of Greenfield’s Tannery? Be sure to factor in the cumulative forecast errors in your answer. Also, make sure you include some rationale about why you are picking the method you do for this particular business. So for example, does picking one method over the other have any impact on how much inventory they will have on hand to meet customer demand? What happens when the demand drops? Which method better supports that?
TABLE 8.1 2016 Marginal Tax Rates, Standard Deductions, and Exemptions Unmaried, diverced, or legally separated Married and ach parteer files eparate tar rete Married and berh partren file single tar retee Unmarried and paying mare than half the cest of sepperting ekildr pareet Married Filing Separately Married Filing Jointly Head of Household Тах Rate Single 10% up to $9275 up to $9275 up to $18,550 up to $13.250 15% $9276 to $37,650 $9276 to $37,650 $18,551 to $75,300 $13,251 to $50,400 25% $37,651 to $91,150 $37,651 to $75,950 $75,301 to $151,900 $50,401 to $130,150 28% $91,151 to $190,150 S75,951 to $115,725 $151,901 to $231,450 $130,151 to $210,800 33% $190,151 to $413,350 SI15,726 to $206,675 $231,451 to $413,350 $210,801 to $413,350 35% $413,351 to $415,050 $206,676 to $233,475 $413,351 to $466,950 $413,351 to $441,000 39.6% mure than $441,000 more than S415.050 more than $233.475 mure than $466,950 Standard Deduction $6300 $600 $12,600 $9300 Exemptions (per person) $4050 S4050…
Suppose Becky gets a sales bonus at her place of work that gives her an extra $400 of disposable income. She chooses to spend $300 and save the remaining $100. From this, you can tell that Becky's marginal propensity to consume (MPC) is0.75 , and her marginal propensity to save (MPS) is0.25 . Mathematically, it must always be true that: Saving = a. Disposable income+Comsumption b. Comsumption-Disposable income c. Disposable income-Consumption Therefore, it must also be true that: MPS = a. 1-MPC b. 1+MPC c. MPC
Compute the NPV statistic for Project Y if the appropriate cost of capital is 12 percent. (Negative amount should be indicated by a minus sign. Do not round intermediate calculations and round your final answer to 2 decimal places.) Project Y Time: 1 2 3 4 Cash flow: -$8,000 $3,350 $4,180 $1,520 $300
II.
According to a high-profile realtor, houses in the sleepy town of Sun Beach have shown higher appreciation over the past three years than have houses in the bustling town of North Arden. To test the realtor's claim, an economist has found twelve recently sold homes in Sun Beach and twelve recently sold homes in North Arden that were owned for exactly three years. The following table gives the appreciation (expressed as a percentage increase) for each of the twenty- four houses. Appreciation rates in percent Sun Beach 12.5, 12.2, 10.4, 12.9, 6.5, 15.0, 10.1, 10.6, 12.1, 10.8, 10.4, 9.1 North Arden 9.2, 10.7, 9.7, 7.8, 9.7, 12.1, 9.4, 6.1, 7.8, 9.3, 4.6, 11.0 Send data to calculator v Assume that the two populations of appreciation rates are normally distributed and that the population variances are equal. Can we conclude, at the 0.05 level of significance, that houses in Sun Beach have higher appreciation over the past three years than houses in North Arden? Perform a one-tailed test.…
An entrepreneur who owns and operates two businesses (A and B) would like to analyze their profitability. They would like your help in the analysis. They give you the annual net profit (in thousands of $) for each business from 2008-2020. Table 1: Annual Net Profits for Businesses A and B Business Year Profit Business Year Profit 2008 -50 2008 -10 2009 57 2009 30 2010 71 2010 27 2011 64 2011 22 2012 60 2012 21 2013 50 2013 20 A 2014 41 2014 24 2015 59 2015 24 2016 71 2016 32 2017 71 2017 36 2018 74 2018 37 019 81 20 40 2020 97 2020 49 a. Suppose you want to graph the distribution of profits. Explain why using only one stem- plot might not be optimal for the analysis. b. Describe the correct stemplot to use. Generate this stemplot. Explain your steps. What can you say about the distribution from this stemplot? c. When are stemplots useful? And why is that? d. Suppose that instead of having 26 observations you have 200 observations. What graph should you generate? e. What other type of…

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