To raise revenue, the mayor decides to charge hotels a tax of $10 per rented room. after the tax is imposed, the going rate for hotel rooms rises to $108, and the number of rooms rented falls to 900. calculate the amount of revenue this tax raises for smalltown and the deadweight loss of the tax. (hint: the area of a triangle is ½ × base × height.)

Neveready flashlights inc. needs $317,000 to take a cash discount of 3/15, net 70. a banker will loan the money for 55 days at an interest cost of $13,200. a. what is the effective rate on the bank loan? (use a 360-day year. do not round intermediate calculations. input your answer as a percent rounded to 2 decimal places.) b. how much would it cost (in percentage terms) if the firm did not take the cash discount but paid the bill in 70 days instead of 15 days? (use a 360-day year. do not round intermediate calculations. input your answer as a percent rounded to 2 decimal places.) c. should the firm borrow the money to take the discount? no yes d. if the banker requires a 20 percent compensating balance, how much must the firm borrow to end up with the $317,000? e-1. what would be the effective interest rate in part d if the interest charge for 55 days were $7,200?

3. describe the purpose of the sec. (1-4 sentences. 2.0 points)

Stock market crashes happen when the value of most of the stocks in the stock market increase at the same time. question 10 options: true false