Solve all this question......you will not solve all questions then I will give you down?? upvote... What is the government's tax revenue? Is this tax efficient?With the tax imposed, the price of a luxury boat isOAA. $3 millionB. $3.60 millionOC. $0.60 million.D. $3.30 millionE. $440 millionWith the 20 percent tax on luxury boats,OA. the tax reduces the quantity of luxury boats sold to zero, so there is no taxthe buyer pays all of the taxit is impossible to say how the tax is split between the buyer and sellerO D.B.O C.O D.O E. the buyer and the seller split the tax evenlythe seller pays all of the taxThe government raises tax revenue of $ million.>>> Answer to 1 decimal place.4.80-4.203.60-3.00-2.40+Price (millions of dollars per boat)176D$+tax$528Q264352440Quantity (boats per week)>>> Draw only the objects specified in the question.✓ The supply of luxury boats is perfectly elastic, the demand for luxury boats is unit elastic, and with notax on luxury boats the price is $3 million and 440 luxury boats a week are bought.Now luxury boats are taxed at 20 percent tax. What price do buyers pay? How is the tax split betweenbuyers and sellers?What is the government's tax revenue? Is this tax efficient?With the tax imposed, the price of a luxury boat isO A. $3 millionB. $3.60 millionOC. $0.60 millionO D. $3.30 millionOE. $440 millionWith the 20 percent tax on luxury boats,O A. the tax reduces the quantity of luxury boats sold to zero, so there is no taxB. the buyer pays all of the taxO C. it is impossible to say how the tax is split between the buyer and sellerOD. the seller pays all of the tax4.804.203.603.00-2.40+Price (millions of dollars per boat)176D264$+tax$440352Quantity (boats per week)>>> Draw only the objects specified in the question.Q528

Tax is a kind of charge that is put on the production units for producing a certain level of…

What is the government's tax revenue? Is this tax efficient? With the tax imposed, the price of a luxury boat is OA. $3 million B. $3.60 million OC C. $0.60 million OD. $3.30 million OE. $440 million With the 20 percent tax on luxury boats, O A. the tax reduces the quantity of luxury boats sold to zero, so there is no tax B. the buyer pays all of the tax OC. it is impossible to say how the tax is split between the buyer and seller O D. the seller pays all of the tax OE. the buyer and the seller split the tax evenly million. The government raises tax revenue of $ >>> Answer to 1 decimal place. 4.80 4.20 3.60- 3.00 2.40+ Price (millions of dollars per boat) 176 D 264 352 Quantity (boats per week) >>> Draw only the objects specified in the question 440 $+taz 528

What is the government's tax revenue? Is this tax efficient? With the tax imposed, the price of a luxury boat is OA. $3 million B. $3.60 million OC C. $0.60 million OD. $3.30 million OE. $440 million With the 20 percent tax on luxury boats, O A. the tax reduces the quantity of luxury boats sold to zero, so there is no tax B. the buyer pays all of the tax OC. it is impossible to say how the tax is split between the buyer and seller O D. the seller pays all of the tax OE. the buyer and the seller split the tax evenly million. The government raises tax revenue of $ >>> Answer to 1 decimal place. 4.80 4.20 3.60- 3.00 2.40+ Price (millions of dollars per boat) 176 D 264 352 Quantity (boats per week) >>> Draw only the objects specified in the question 440 $+taz 528

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Vll definitely upvote.
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2..6
For Question 2 there is a typo. It is supposed to say consider Ronald from question 1. Both question 1 and 2 are provided, i would appreciate if someone could complete them as soon as possible. Also this is not a graded question from an exam, it is homework l have been given although l did not purchase the textbook so cant get the solutions for it.
Please correct answer and don't use hand rating
Give typing answer with explanation and conclusion Consider a good or service where consumers pay more than its actual valuation (for eg, products with markup prices at retail significantly higher than their cost: greetings cards, bottled water, stock price, movie theatre popcorn/candy). Based on the irrational decision-making and marginal analysis, explain why such irrational decision-making could take place in this situation.
Oscar purchased a $30 steak for dinner, but burned it bad on the grill. Since he paid top dollar for the steak he figures he should eat it anyways. Is Oscar properly using economic reasoning? Yes, the marginal cost of not eating the steak would be $30. No, the $30 spent on the steak is a sunk cost and should not be included in his decision whether to eat the steak or not.. Yes, if he doesn't eat the steak he will have wasted economic resources. No, the opportunity of eating the steak is whatever else he could have purchased for the $30.
Solve all questions.......you will not solve all questions then I will give you down upvote....... Arturo loves chocolate mousse but he is concerned about eating too much sugar. He would like to indulge himself eating as many mousses as possible as long as he keeps daily sugar consumption under 100 grams. Consider the following two choice rules: • Rule 1: After eating N mousses, if he is offered an additional mousse, he would eat it if the mousse contains less than 25 grams of sugar. If instead he is offered a fixed number of daily mousses in advance, he would accept them only if the total sugar content does not exceed 100 grams, otherwise, he would choose not to eat any mousse. • Rule 2: Choose in advance a fixed number of mousses to eat each day that does not exceed 100 grams of sugar content in total. (a) If each mousse contains 21 grams of sugar, Which rules (if any) satisfy IIA? Justify your answer. (b) Can you find a utility function that is maximized by Rule 1? How about…
Solve all this question......you will not solve all questions then I will give you down?? upvote....
Solve all this question......you will not solve all questions then I will give you down?? upvote.....