The graph shows the demand curve for coal. The government imposes a tax on coal and the buyer pays the entil tax. Draw the supply curve of coal. Label it S. Draw a second supply curve that shows the effect of the tax. Label it S + tax. The more the supply of coal, OA. elastic; the larger is the amount of the tax paid by the buyer OB. elastic; the more equally is the split of the tax between the buyer. and the seller OC. inelastic; the larger is the amount of the tax paid by the buyer OD. elastic; the larger is the amount of the tax paid by the seller 60- 50- 40- 30- 20- 10- Price (dollars per ton) 0- 0 D 60 OO 20 80 100 40 Quantity (thousands of tons per year) >>> Draw only the objects specified in the question. 120 G

The graph shows the demand curve for coal. The government imposes a tax on coal and the buyer pays the entil tax. Draw the supply curve of coal. Label it S. Draw a second supply curve that shows the effect of the tax. Label it S + tax. The more the supply of coal, OA. elastic; the larger is the amount of the tax paid by the buyer OB. elastic; the more equally is the split of the tax between the buyer. and the seller OC. inelastic; the larger is the amount of the tax paid by the buyer OD. elastic; the larger is the amount of the tax paid by the seller 60- 50- 40- 30- 20- 10- Price (dollars per ton) 0- 0 D 60 OO 20 80 100 40 Quantity (thousands of tons per year) >>> Draw only the objects specified in the question. 120 G

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Only typed answer and please don't use chatgpt You are looking for a new apartment in Manhattan. Your income is $4,000 per month, and you know that you should not spend more than 25 percent of your income on rent. You have come across the following listing for one-bedroom apartments on craigslist. You are indifferent about location, and transportation costs are the same to each neighborhood. Chelsea $1,200 Battery Park $2,200 Delancey $950 Midtown $1,500 Instructions: You may select more than one answer. Click the box with a check mark for correct answers and click to empty the box for the wrong answers. a. Which apartments fall within your budget? Chelsea Battery Park Delancey Midtown b. Suppose you adhere to the 25 percent guideline but also receive a $1,000 monthly cost-of-living supplement since you are living and working in Manhattan. Which apartments fall within your budget now? Chelsea Battery Park Delancey Midtown
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Number 34
Calculate the value of APS when savings is $2500 and income is $2800