The impact of tax on market for soft drinks.

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Answer 1

Question

Chapter 4, Problem 4.4.6PA

Sub part (a):

To determine

The impact of tax on market for soft drinks.

Sub part (b):

To determine

The tax on per unit.

Sub part (c):

To determine

The efficient level of tax.

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In the following table, complete the third column by determining the quantity sold in each country at a price of $18 per toy train. Next, complete the fourth column by calculating the total profit and the profit from each country under a single price. Price Single Price Quantity Sold Price Discrimination Country (Dollars per toy train) (Millions of toy trains) Profit (Millions of dollars) Price (Dollars per toy train) Quantity Sold (Millions of toy trains) Profit (Millions of dollars) France 18 Russia 18 Total N/A N/A N/A N/A Suppose that as a profit-maximizing firm, Le Jouet decides to price discriminate by charging a different price in each market, while its marginal cost of production remains $8 per toy. Complete the last three columns in the previous table by determining the profit-maximizing price, the quantity sold at that price, the profit in each country, and total profit if Le Jouet price discriminates. Le Jouet charges a lower price in the market with a relatively elastic…

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Answer 2

Question

Chapter 4, Problem 4.4.6PA

Sub part (a):

To determine

The impact of tax on market for soft drinks.

Sub part (b):

To determine

The tax on per unit.

Sub part (c):

To determine

The efficient level of tax.

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 3

Question

Chapter 4, Problem 4.4.6PA

Sub part (a):

To determine

The impact of tax on market for soft drinks.

Sub part (b):

To determine

The tax on per unit.

Sub part (c):

To determine

The efficient level of tax.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 4

Question

Chapter 4, Problem 4.4.6PA

Sub part (a):

To determine

The impact of tax on market for soft drinks.

Sub part (b):

To determine

The tax on per unit.

Sub part (c):

To determine

The efficient level of tax.

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 5

Chapter 4, Problem 4.4.6PA

Sub part (a):

To determine

The impact of tax on market for soft drinks.

Sub part (b):

To determine

The tax on per unit.

Sub part (c):

To determine

The efficient level of tax.

Answer 6

Chapter 4, Problem 4.4.6PA

Sub part (a):

To determine

The impact of tax on market for soft drinks.

Answer 7

Chapter 4, Problem 4.4.6PA

Sub part (a):

To determine

The impact of tax on market for soft drinks.

Answer 8

Sub part (b):

To determine

The tax on per unit.

Answer 9

Sub part (b):

To determine

The tax on per unit.

Answer 10

Sub part (c):

To determine

The efficient level of tax.

Answer 11

Sub part (c):

To determine

The efficient level of tax.

Answer 12

Expert Solution & Answer

Answer 13

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Answer 14

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Answer 15

Ch. 4.A - Prob. 1RQ Ch. 4.A - Prob. 2RQ Ch. 4.A - Prob. 3RQ Ch. 4.A - Why would economists use the term deadweight loss...Ch. 4.A - Prob. 5PA Ch. 4.A - Prob. 6PA Ch. 4.A - Prob. 7PA Ch. 4.A - Prob. 8PA Ch. 4.A - Prob. 9PA Ch. 4 - The figure below shows the market for vacation...

The impact of tax on market for soft drinks.

Solution Summary: The author analyzes the impact of tax on the market for soft drinks. Tax is the unilateral payment from the people to the government.

The impact of tax on market for soft drinks.

The tax on per unit.

The efficient level of tax.

Want to see the full answer?

Chapter 4 Solutions